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Technology Stocks : Ciena (CIEN)
CIEN 230.03-0.8%Jan 22 4:00 PM EST

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To: Daniel G. DeBusschere who wrote (5896)12/14/1998 1:16:00 PM
From: gbh  Read Replies (1) of 12623
 
CEO has not sold any stock even in the fat times-

Kind of proves my point that the guy is not the most astute businessman <ggg>

Sorry, couldn't resist.

Actually, I do like the fact that he hasn't sold stock (I'll take your word on this point). But given the price erosion taking place in the WDM and DWDM market, it just seems obvious to me that technology will not win in this market. DWDM will simply be sold as a piece of a total network solution, and that puts players as NT and LU at an advantage.

I think Nettles will eventually come to realize this, but in the mean time, the stock will slide lower, IMO. The last couple months has made it clear to me that the only thing that drives the stock price higher is buyout speculation.
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