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To: d. alexander who wrote (24808)1/13/2000 9:11:00 AM
From: d. alexander  Respond to of 68358
 
from Briefing

09:01 ET Optical Initiations : Salomon Smith Barney initiates coverage of Ciena (CIEN 59 1/4) with a "buy" rating and $75 target, and Sycamore Networks (SCMR 264) with an "outperform" and a $315 target. SSB notes that CIEN trades at a considerable discount to SCMR and sees it as an attractive merger candidate for a data switch company; says SCMR could join telecom giants CSCO, LU, and NT, but that there may be better opportunities to buy the stock.