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

To: James Fulop who wrote (7906)	1/13/2000 10:47:00 AM
From: James Fulop	Read Replies (1) \| Respond to of 12623

FWIW Ciena was given an 1H rating... >>Princeton, New Jersey, Jan. 13 (Bloomberg Data) -- Ciena Corp. (CIEN US) was rated ``buy' in new coverage by analysts Lissa Bogaty and Alex M. Cena at Salomon Smith Barney. The 12-month target price is $75.00 per share. << quote.bloomberg.com >>SUMMARY:--Ciena--Connectors & Other Components * CIENA is a pure-play on the optical networking market. * The company is in the midst of introducing a number of new products that should prove that it can successfully transition itself from a company offering point-to-point WDM products to one that can commercialize and sell optical networking products. * During FY1999 (ended October), the company substantially diversified its customer base and reversed the slowdown in revenues, posting an average sequential increase of 12%, with a 10 point improvement in gross margins.<<