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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: James Fulop who wrote (7702)	11/3/1999 11:27:00 AM
From: Baldwin	Read Replies (1) \| Respond to of 12623

lifted from Yahoo board. Here it is, from Briefing.com by: efborra 11/3/1999 11:21 am EST Msg: 67257 of 67258 11:16 ET CIENA Corp (CIEN) 39 7/16 +5 3/16 (+15%): Shares of telecom equipment maker gap up on news company has won a major Williams Companies contract... Volume 8.5 mln; intraday range 37 11/16 to 39 13/16.

To: James Fulop who wrote (7702)	11/3/1999 2:08:00 PM
From: James Fulop	Respond to of 12623

Got this off Yahoo... makes sense as it hit right when we broke out of the 39 3/16 range.. >> Ciena Shares Rise on Optimism Sparked by Contract From Williams 11/3/99 13:50 Ciena Shares Rise on Optimism Sparked by Contract From Williams Linthicum, Maryland, Nov. 3 (Bloomberg) -- Ciena Corp. shares rose as much as 16 percent as a contract with Williams Communications Group Inc. spurred optimism that the phone- equipment maker could win more business. Ciena rose 5 to 39 1/4 in midafternoon trading of 12.7 million shares, making it the seventh-most active stock in U.S. markets. Earlier, the shares touched 39 13/16. The stock has more than doubled this year. Williams Communications, a Williams Cos. unit that has completed about two-thirds of a planned 33,000-mile fiber-optic network, said yesterday that it reached an agreement in the third quarter to buy equipment from Ciena. Ciena is the No. 1 seller of gear used to boost capacity on fiber-optic networks. ''It's a great reference account'' for Ciena, said BancBoston Robertson Stephens analyst Paul Silverstein, who rates Ciena shares ''buy.'' Silverstein estimated the contract's value at $25 million to $50 million over the next year. It's for a new optical-switch product Ciena acquired with its March purchase of closely held Lightera Networks Inc. Ciena, based in Linthicum, Maryland, had revenue last year of $508.1 million. ''This is a market that's going to go form zero to several billion dollars over the course of the next decade,'' said Silverstein, referring to the new Lightera product. Ciena officials couldn't immediately be reached to comment. A Williams Communications spokesman couldn't immediately confirm the value of the contract.<< messages.yahoo.com Edit: Oooops.... the post before mine got to the thread first...