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To: Johnny Canuck who wrote (32824)	6/15/2001 12:03:18 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 69036

11:53 ET CIENA Corp (CIEN) 40.90 -3.77: -- Update -- Merrill Lynch cuts FY02 EPS estimate on CIEN to $1.00 from $1.18, and on Tellabs (TLAB 23.85 -1.86) to $1.55 from $1.79. Also takes down estimate of growth in terrestrial optical networking industry from 15% and 29% for 2001/2002 to 0% and 5% on heels of JDSU/NT warnings. 11:42 ET Nortel Networks (NT) 9.21 -1.39 (-13.1%): -- Update -- S&P puts Nortel ratings on CreditWatch Negative. 11:30 ET Metro/Enterprise : Seeing a run in networking stocks whose end-market is more focussed on enterprises, and whose carrier exposure is limited to the metro market, which NT noted was still growing: EXTR +1.48, FDRY +0.68, FFIV +0.25, RSTN +2.36.