Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 191.61

-0.1%

Nov 17 4:00 PM EST

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To: jach who wrote (3256)	9/17/1998 2:39:00 PM
From: David K.	Read Replies (1) of 12623

Question: If cien is a great bargain at this price, why wouldn't another company take advantage of the current pessimism and buy the company for $20+?... Also, the current negative perspective on cien could be illusionary. I own Applied Cellular (actc). Just last week the stock hit 1 1/2 with investors were predicting the worst. Today the stock moved over $ 3 after the company announced a stock buy back, a plan to sell non-core businesses, and a 20% growth targets. The value of the company has been reevaluated 100% in four days.

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