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

To: Kenneth E. Phillipps who wrote (9411)	8/7/2000 6:24:08 PM
From: MarkC	Read Replies (1) \| Respond to of 12623

Any thoughts on why Ciena and Corvis did not participate in the rally today? Mark

To: Kenneth E. Phillipps who wrote (9411)	8/7/2000 8:34:46 PM
From: jghutchison	Respond to of 12623

Kenneth, My take is that Corvis has just about played out it's hand. Without any more IPO stock to give away, they would be hard pressed to buy new customers, and attract and keep talent. Most engineers are pretty good at doing the arithmetic. One thing is for sure. Corvis has a nice market cap. That is worth something...at least short term. It remains to be seen what magic their technology holds, if any. The market is huge, and there is some room, but certainly not dominance. The market cap reflects dominate market share. This with zero sales to date. Jack