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

To: Boplicity who wrote (8923)	5/19/2000 1:09:00 PM
From: James Fulop	Read Replies (1) \| Respond to of 12623

>>The company now expects no sales from one and less than $50 million from the other.<< Interesting. I didn't hear those exact words but I can see how one can interpret what was said in that way. I heard that the 50 million of the other was only due to a deferal due to customer logistics and that a full 100 or more would be eventually realized by the product. Guess I am going to have to listen to the call again.

To: Boplicity who wrote (8923)	5/20/2000 2:46:00 PM
From: DOUG H	Read Replies (1) \| Respond to of 12623

"Chief Executive Pat Nettles said Ciena no longer expects to sell $50 million to $100 million of two new products this fiscal year. The company now expects no sales from one and less than $50 million from the other." "Nettles said on a conference call yesterday that he expects Ciena to ``slightly outperform'' profit estimates in Linthicum, Maryland-based the company's third and fourth quarters." These two statements taken together say that despite reduced expectations of NEW products in the next 2 qtrs the company will still exceed estimates while allowing for upside surprise.