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Technology Stocks : Ciena (CIEN)

CIEN 214.35

+0.7%

Dec 9 4:00 PM EST

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To: Phillip C. Lee who wrote (5214)	11/3/1998 10:51:00 PM
From: E_K_S	Read Replies (3) of 12623

To add to the excitement, I had my CIEN shares taken out of my margin account and put into my cash account. As I am in this for the long term, I thought I might make it difficult for anybody to borrow my stock to short...and if they have already, my broker will have to obtain my shares at the open tomorrow. Long term, I am positive about CIEN after reading the analyst reports up thread. Look's like it should be a good hold up to $30. More importantly are those (future) orders and backlog. From the analyst reports, it appears that CIEN has already been buying components to complete a new order to be booked in Q4. If CIEN can show good predictable growth next year and earn between $0.75-$1.00/share, I would think the market would value this company at $35-$40 given a 40PE or higher. Looking forward to what our CEO has to say tomorrow both on CNBC and at the Soundview analyst meeting in Florida. EKS

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