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Technology Stocks : Ciena (CIEN)

CIEN 178.17

+1.0%

4:00 PM EST

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To: Bill Coenen who wrote (5721)	12/2/1998 1:22:00 PM
From: Dorine Essey	Read Replies (1) of 12623

E-Tek Dynamics shares up after IPO December 2, 1998 11:56 AM NEW YORK, Dec 2 (Reuters) - Shares in E-Tek Dynamics Inc., a maker of fiber optic components, soared 110 percent on their first day of trade Wednesday. Shares moved up 13 to 25-3/8 during morning trading. The company had priced 5 million shares at $12 each Tuesday night. Earlier, analysts said the company, which has been profitable for five years, is viewed as both a growth business and a bargain. On E-Tek's list of customers are names such as CIENA Corp. CIEN and Lucent Technologies Inc. LU . Goldman Sachs was the lead underwriter of the offering. ((--Wall Street Desk (212) 859-1730)) REUTERS -------------------------------------------------------------------------------- Following are Reuters Alerts related to this article -------------------------------------------------------------------------------- ALERT E-TEK DYNAMICS UP 12-3/4 FROM IPO PRICE $12/SHR REUTERS -------------------------------------------------------------------------------- Top

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