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

To: sydney who wrote (8006)	2/15/2000 11:44:00 AM
From: James Fulop	Read Replies (2) \| Respond to of 12623

>>The earnings are still negative only less negative that originally forecast by a penny or so...<< I assume you mean with the added acquisition costs as my understanding is that without them they were positive... >>Net income for the fourth quarter was $4.5 million, or $0.03 per diluted share.<< And for the year: >>For the fiscal year ended October 31, 1999, CIENA reported revenue of $482.1 million, compared with $508.1 million for fiscal year 1998. Pro forma net income for fiscal year 1999 totaled $4.6 million, or $0.03, earnings per diluted share, exclusive of merger-related costs.<< biz.yahoo.com Or am I misunderstanding something here? If so, please correct me. Thanks

To: sydney who wrote (8006)	2/15/2000 12:25:00 PM
From: jghutchison	Respond to of 12623

I thought I already explained that. The stock got badly bruised, but it didn't faze the company. It is now much stronger. The company is now superbly positioned to realize a sizable chunk of the telecom buildout using optical technology which is just about ready to explode. Sales concentration risk has been neutralized. The earnings outlook is rosy and getting better. What more can a girl ask for? If this isn't a compelling argument, then I don't know what the heck is. This is the perception which is driving this stock, not past earnings. Today's investment environment demands that one look down the road, not over ones' shoulder. eom. Jack Hutchison