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

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To: __HD who wrote (6711)3/13/1999 10:38:00 AM
From: Adrew Thanh  Read Replies (1) of 12623
 
CIEN will cross 30 next week. CIEN management will not sell the company for anything less than 50. right now CIEN is the only company that ships 40 & 96 channels products. Sprint has already committed to use CIEN gear for the rest of this year because no other vendors come close to CIEN product lines. Telemonde in France used the first 96 channel for commercial deployment throughout Europe. Enron, CLECs in Japan, and soon Latin countries are going to deploy CIEN gear. There is a possibility that CIEN will be back in the 60's again by the end of this year. CIEN has slowly gained back credibility with customers with quality and innovative products that no other vendors come close to match. I will accumulate as much as possible if it dips down to the low 20's ( which I doubt will happen). Low 40's to high 40's by next earning.
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