Puff, why should it go for $35, you gotta be kidding me? A networking company that is currently at 5 times sales,going at 9 times sales approximately? Huh, whould you buy a company like that in this group? I would like to sell you a suit for $10,000 dollars worn by Prince when he puked in the Palladium. Smart investing is an oxymoronic phrase, but would you guys pay $100,000 for a Volkswagon Beetle?
This company might be worth $20, and it may be worth $14, if the contracts don't come along. But in such a highly competitive market anyone who buys CIEN over 20 is going to lose their shirt. I am thinking that CSCO needs a fiber optic company,and that BellSouth needs MetroDWDM. They tested HLIT's system for many months,and I think also CIEN's.But this company is not by any stretch of the imagination worth $35 to anyone.
Hiram |
