Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 209.52

+1.0%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bh who wrote (6672)	3/15/1999 11:14:00 AM
From: bh	Read Replies (2) of 12623

Acquisition viewpoint from briefing.com! by: upyours2baby (39/M/Davidsonville, MD) 45207 of 45208 11:00 ET ****** CIENA CORP. (CIEN) 24 15/16 -1 7/8. Shares of provider of networking solutions are not reacting kindly to the announcement that this provider of dense wavelength division multiplexing technology will acquire two privately held optical communications companies for stock. Given that shares of CIENA have appreciated lately on the view that the company could again be a takeover target following last year's collapse of its merger arrangement with Tellabs (TLAB 90 5/8 -1/16), the latest acquisition announcement removes some of the speculative assumptions about CIENA being a takeover target. Certainly, the purchase of Lightera and Omnia does not preclude another telecommunications player from making a bid for CIENA. However, it does suggest that there is no one at present waiting in the wings to swoop up CIENA. While being taken out through an acquisition seems to be the easy way out of the corner that CIENA painted itself into when it failed to be awarded a lucrative contract from AT&T (T 82 1/2 +1 1/16) last year and merger deal fell apart, management seems poised to continue to build its product offerings and capitalize on the growing need for high-capacity intelligent optical transport and switching systems. Accordingly, investors should give management credit for not sitting around and waiting for a suitor to appear. While this path may take longer for the share price to rise to prior levels, it certainly beats inaction from management which would eventually lead to market share and significant profit erosions. Courtesy of the LONG CIENA PRICK and Briefing.com post.messages.yahoo.com@m2.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next