Just to add my voice to the chorus...
I'm a broker (Gasp! - parasite, leech...) and I have been burned more times by "research analysts" with frilly newly minted MBAs from the well-known school fo your choice, than I can remember. An accounting class and a little finance does not teach you how to invest, it teaches you how to crunch numbers. Period. It is that very arrogance that is annoying, especially when as Forbes has pointed out, analysts are only right about 41% of the time.
There is more to all of this than raw numbers. If there weren't, then Microsoft is selling at $40, Phillip Morris would be at $60, and disasters like OXHP, CD, and SOC, could not have happened.
The story on CIEN is technology. They've got it, TLAB needs it. TLAB has a very dim future without some new products. CSCO could use it too. New contracts are great, because that just makes the takeout palatable for the acquiring company. Without new contracts, no takeout or you've got a shareholder mutiny on your hands.
BUT, new contracts, higher projected revenues, vindication for the technology (like it needs it), ='s takeover.
IMHO
mmeggs |
