Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 201.71

+3.1%

Dec 5 4:00 PM EST

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To: Gabor who wrote (5358)	11/6/1998 8:58:00 PM
From: JC Reddy	Read Replies (1) of 12623

THE BULLMARKET REPORT COMMENT: We have always liked Cisco and have been quite partial to Ciena, but sold our positions at $62, after the merger was announced with Tellabs (TLAB.) We now add Ciena again. We are adding them to our Aggressive List and removing Uniphase (NASDAQ:UNPH - news). Ciena's business is solid and the unfortunate events of the failed merger and the loss of the ATT deal (that they never actually had), is what hurt the stock so badly. Ciena is in the right place at the right time and is in a great business. For those of you that don't know what they do, Ciena's equipment can increase the capacity of a fiber optic cable by a factor of 40! So instead of digging up their cables and laying 39 new ones, the large telecommunications carriers can simply order Ciena equipment. Much cheaper, much simpler and much more effective. And the need for capacity to handle the growth of the Internet is exploding. This is why Ciena has grown at a compounded rate of over 100% per year for the past few years and their profitability is huge. There is certainly risk in this stock. It is not for the faint of heart, but for the patient investor. Ciena closed today at $18 and that is where we add it.

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