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


To: ratan lal who wrote (10075)12/19/2000 5:17:05 PM
From: Techplayer  Read Replies (1) | Respond to of 12623
 
ratan, does the product work? tp



To: ratan lal who wrote (10075)12/20/2000 1:31:29 AM
From: donjean1  Respond to of 12623
 
The price paid by Ciena is still too high when one considers the market today vs. the market conditions present when Cisco and Rbak bought the comparable companies.

At that time, an IPO was a distinct possibility vs. the situation today. Therefore Ciena overpaid and worse yet, they now need to compete against some very good companies with deep pockets consistent with viable business models.

Its one thing to be a big fish in a small pond but now Ciena wants to be a medium size fish in a big pond.

I am long but this move at this time doesn't seem wise.