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

To: ratan lal who wrote (10369)	2/15/2001 12:20:21 PM
From: cfoe	Read Replies (1) \| Respond to of 12623

ratan - First, what does the "r/t" in "high p/e of 339 r/t" mean? RE: Dont know if todays earnings are figured in. One of the problems with p/e numbers for many companies like Ciena, as far as I can determine, is that the "e" is not the "proforma "e", but the "official e". It is not as bad in the case of Ciena, where there are no adjustments for purchased R&D yet, but that will probably come with the Cyras purchase. Do you know which "e" the p/e numbers posters on this and other Ciena threads use - official or proforma? I think it will make a big difference to the reported p/e. Appreciate your humility <ggg> (in previous post). Ciena's numbers where extraordinary in this environment. The funny thing is that companies like NT are up on this news. I am fine with that as I own some NT that I would like to sell. But part of Ciena's story is that the legacy business is zero growth. So it would seem that a major portion of NT's business will be zero growth - but what do I know? LU is really in trouble - losing out to Ciena on the new stuff and facing a hungry tiger in NT on the legacy stuff. Again, thanks for your price views. Much appreciated.

To: ratan lal who wrote (10369)	2/15/2001 12:24:25 PM
From: chojiro	Respond to of 12623

>>it can still go higher and the fast move up today suggests it could go as high as 140 in the next 3 weeks, Thing here is that it is propelling the COMP in some oversold conditions. If the rest of the market begins to wane, CIEN will follow and be back to the mid 70s at best middle of next week. I'm hoping I can watch the CNBC thing during lunch. Otherwise I will just have to highball the quote and put an order to sell some at 96. As always, good luck with it. And remember, expensive is still expensive EDIT: I will admit though I did not expect it to be this strong. I can live with it though.