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

To: James Fulop who wrote (8975)	5/23/2000 7:16:00 PM
From: Daniel G. DeBusschere	Read Replies (2) \| Respond to of 12623

CIEN at least has acquired customers the old fashion way- Unlike SCMR and ONIS (do for an IPO sometime soon?) which got their reference accounts as follows: ****************** ONI is less than 3 years old and sells one product. It lists five customers, four of which have stakes in ONI. Last quarter, Williams accounted for one-third of the company's revenue. And fairly typical for a networking start-up, ONI is far from profitable. Last year, the company reported a loss of $43 million on $3 million in sales. In 1998, ONI reported a loss of $8.8 million on $1.7 million in revenue. ******************* I still like the CIEN fundamentals and the business model. CIEN will be a solid #2 in the optical networking backbone and metro market segments and have a shot at #1. I think its going to be very tough for the new entrants even if they are trading stock for limited product sales.