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Technology Stocks : Ciena (CIEN)
CIEN 194.70+9.2%Nov 24 4:00 PM EST
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To: Bob Smith who wrote (3444)9/22/1998 9:39:00 AM
From: Apakhabar  Read Replies (1) of 12623
 
Bob,

To think that CSCO is going to offer .5 share for CIEN is just wishful thinking. CSCO trades over 60. As for a buyback to increase "shareholder value" I doubt CIEN even cares at this point about the stock price. They have a problem with losing contracts and declining earnings, which is a higher priority than the stock price. Having repriced their options, the stock price in the short term is of little concern to the company. Their focus, rightly, will be on the business plan.

However, the bottom is near and the stock should be watched and perhaps purchased in spots. But this isn't going to be a get-rich-quick scenerio. It's a trading stock for a few months at least.
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