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

To: chojiro who wrote (11367)	7/26/2001 1:07:01 AM
From: Robert Ling	Read Replies (1) \| Respond to of 12623

To be painfully honest, and I know everyone is going to want to jump on me for this(but probably won't), I think it will be extremely difficult for CIEN to ever see anything higher that the low $50s for a long long time, if ever. Dude, you're perfectly entitled to your opinion. And you're probably right .. for some span of time, however long it takes the mkt to come out of its tailspin. I've got no problems with that. Just trying to point out PE is not the silver bullet that makes or breaks a stock. If you did have to resort to using PE to justify valuation my contention was that in the case of CIEN use forward earnings or in my calculations I conservatively used FY01, which has but 2 more quarters to unfold. Soon to be just one quarter! We will soon know.