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

To: James Fulop who wrote (9787)	11/16/2000 10:04:42 AM
From: MarkC	Read Replies (1) \| Respond to of 12623

In the Boston Globe business section Nov 16, 2000 Sycamore allows 2 to buy on credit Sycamore Networks Inc. has joined rivals in extending credit to customers, a risky step the company said it needed to take to win contracts over larger competitors such as Lucent Technologies Inc. Sycamore, a maker of fiber-optic equipment, said it offered two unnamed customers a total of $200 million of financing to purchase its products. Loans to customers won't exceed $250 million in fiscal 2001, which ends in July, chief financial officer Fran Jewels said on a conference call. Sycamore never sold products on credit until its first quarter, even though many telecommunications companies make borrowing a condition for doing business. Sycamore said it's responding to competition. Chelmsford based Sycamore's shares rose $4.94 to $69.38. (Bloomberg)

To: James Fulop who wrote (9787)	11/16/2000 10:49:48 AM
From: jghutchison	Respond to of 12623

James, I agree with your thoughts on Cisco's about face. Funny and dumb. The fact that outfits like theStreet.com play on takeover rumors is in order to entice an audience. When John Chambers first uttered the "commodity" word back in '98, I though he had his head up his ass. DWDM was no more of a commodity item then than it is now. Commodities, by definition, are produced by numerous companies to meet a standard set of specifications. Few companies make this stuff, and DWDM installations are highly specialized pieces of equipment that are optimized to meet the customer's service needs. Hence the extended installation and test periods. This stuff does not come is shrink wrapped boxes. And it is not plug & play compatible. Jack Hutchison