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Technology Stocks : Ciena (CIEN)
CIEN 209.84-2.9%Dec 16 4:00 PM EST

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To: Sawtooth who wrote (6116)1/17/1999 2:53:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 12623
 

Hi, Glenn. The part that mystifies me isn't WDC as much as Cien trading at ten times est.
'99 earnings; not even considering the potential of the DWDM market and the *takeover*
speculation. ??? Guess the kicker is what earnings will *really* come in at.


Tim,

I use to follow CIEN and their DWDM technology compared to their competitors closely. I have been out of that loop for a while which is a very long time in this industry. Any thing I write now is more superficial speculation until I have brought myself up to speed. Then I will have a real opinion. It may be wrong but I will believe it. I do understand what you state about why CIEN is trading at 10 times 99 estimates. I could not post intelligently a real reason at this point.

Glenn
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