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

To: JimieA who wrote (9480)	8/18/2000 1:23:06 PM
From: James Fulop	Respond to of 12623

>>I don't really like the idea about getting stock for receivables. Anyone know who the customer is?<< Over on Yahoo we have gone over a number of different possibilities but have eliminated each one due to various factors and have yet to find out who it is. I will keep the thread posted on any developments. In addition, to be fair to Ciena, the 10-Q does go on to say the following: >>The accounts receivable balance from one of CIENA's customers was approximately 13% of total July 31, 2000 trade receivables. While the customer is experiencing certain financing difficulties, management believes that CIENA will be ultimately successful in collecting the July 31, 2000 net accounts receivable from this customer. Moreover, CIENA and the customer have agreed that CIENA has the option of converting some or all of the customer's outstanding accounts receivable balance into capital stock of the customer, subject to negotiation of definitive documentation by both parties and any necessary approvals by the customers shareholders<<

To: JimieA who wrote (9480)	8/19/2000 7:03:40 PM
From: Raymond Duray	Respond to of 12623

Hi Jim, Re: This raises a question of if the telecom carriers finances will weaken with so much competition in telecommunications and large capital expenditure requirements. And how this will effect equipment suppliers like Ciena Don't worry, be happy. It'll be at least a few quarters before everyone sobers up. <g> Here's the latest view of what can only be described as cojones conquering common sense in the latest round of telecom madness in Germany: Message 14240879 Call me a happy skeptic...... Oxymoronically Yours, Ray