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Technology Stocks : Ciena (CIEN)
CIEN 200.92-1.6%Dec 1 4:00 PM EST

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To: John M. Gelnieau who wrote (3270)9/17/1998 7:01:00 PM
From: michael liu  Read Replies (1) of 12623
 
CIEN's market cap is $1.2B, but $200M in cash, and
great technology. They reprice employee option at
$12.375 means that they are comfortable at this price
level. They can use their cash to buy up shares as
short term investments. Stock will easily double
from here. It will benefit from both employee and
company itself. Good strategy. I know they will do
something before or on option expire date. One more
thing that management team does watch its stock trend.

Michael
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