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

To: James Fulop who wrote (10314)	2/7/2001 12:05:23 PM
From: Rustam Tahir	Read Replies (1) \| Respond to of 12623

COO Smith gives bullish forecast www2.marketwatch.com SAN FRANCISCO (CBS.MW) -- Speaking at the Banc of America Technology Week Conference, Ciena President and COO Gary Smith spoke about a fundamental shift away from the older boys networks to more simple, smaller, optical networks. "Drivers for change are absolutely there, particularly paired with the economic environment, and now the products are there, too," Smith said. As far as the global optical network goes, Smith says the bubble has not burst. He sees growth of 70 percent for the next generation of optical products during the next three to four years. The demand for traditional products, however, is "absolutely slowing down." Earlier in the day, telecommunications provider McLeodUSA (MCLD: news, msgs) selected Ciena's multiwave coredirector as its intelligent optical core switch. Said Smith about the deal, "It is another example of Sienna taking business away from other major players." Linthicum, Md.-based Ciena (CIEN: news, msgs) saw its shares falling $1.81 to $80.78 Wednesday morning.

To: James Fulop who wrote (10314)	2/8/2001 12:33:42 PM
From: Rustam Tahir	Read Replies (3) \| Respond to of 12623

MSDW estimates that $75MM of the $200MM contract is slated for CIEN's CoreDirector optical switch, with the remainder coming from shipments of CIEN's optical transport products. The note also says the contract is biggest to date and • Optical switch continues to gain traction. McLeodUSA is the 6th customer for CIEN's optical switch. We believe CoreDirector is on track to generate 10% of total rev for the first time this quarter. • McLeodUSA is among a handful of well-funded CLECs. We estimate that its network expansion is over-funded by $400MM, assuming $1B in capital spending in 2001.