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

To: James Fulop who wrote (10380)	2/15/2001 2:54:24 PM
From: James Fulop	Respond to of 12623

From SSB on Ciena via Yahoo.. "When Your Hot, Your Hot - Increasing Earnings Estimates For FY 2001 and FY 2002. Ciena increased its FY'01 earnings guidance to between $0.73-$0.75, including the dillutive impact of the Cyras acquisition. We have adjusted our estimate to $0.73 per share, up from $0.47 per share. We are also increasing our FY '02 estimate to $1.15 from $1.05 to reflect the strength of business outlook. We expect to provide more detail on our adjustments in a more detailed note to follow. Well Positioned To Bridge The Economic Chasm. Ciena has suffered significant volatility lately due to its acquisition of Cyras Systems and the general condition of the market. This is, however, a well managed company playing in a segment of our space with attractive growth profiles. As a result, we believe that the company's financial results are likely to refocus attention back on this company's enviable market position and away from the non core issues. We expect the solid results in this quarter should help position Ciena as a company well equipped to bridge the current economic trough over the next several quarters until the rate cuts can deliver improved economic conditions" messages.yahoo.com