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Technology Stocks : Ciena (CIEN)

CIEN 204.03

+1.9%

Nov 28 4:00 PM EST

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To: saju chacko who wrote (3825)	9/27/1998 1:48:00 AM
From: michael liu	Read Replies (1) of 12623

Short term or immediate term = $18 - $20 plus 2 pts overshoot. Long term (1 year) = $30 - $40. Cien is undervalued at this point. It will continually rally next 20 days. Its financial background (balance sheet) is good. Technology is ahead of others. I don't think that CIEN management is willing to talk merger at this price. Once it settles back at mid 20s, then we can talk about merger. Now, it is a value play. Good luck for all LONGs. Michael

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