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


To: James Fulop who wrote (10055)12/19/2000 11:02:34 AM
From: Techplayer  Read Replies (1) | Respond to of 12623
 
James, There is a key guy from Q on the Cyras board, but from what I heard at Q, the box was not exactly kicking butt in the trials. If anything, this deal shows that there is still a significant market for Optical start-ups. Outside of Lightreading, many in the field feel that Cyras was a broken company and would go for significantly less.

This is a quote from nettles in the fall...also on lightreading..

"Generally, there is skepticism in the metropolitan market because of the proliferation of companies pursuing the same thing. For example, Pat Nettles, the CEO of Ciena Corp. (Nasdaq: CIEN), said recently in a Light Reading interview that he is not impressed with the startup companies in the metropolitan access space.

"What makes us wary in that space is that there are 35 or so companies, depending on how you count, that they all sound a lot alike, and none of them has a lot of customer traction," said Nettles. "One of our primary tenets is to look for customer acceptance of technology as the key indicator of what's going on. That's pretty obvious, but we don't see a lot of people making much headway there."

time will tell if he got impatient or if this was a steal...

tp