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

To: Daniel G. DeBusschere who wrote (11407)	8/9/2001 2:37:05 AM
From: chojiro	Read Replies (1) \| Respond to of 12623

Hi daniel as I mentioned a few posts ago, I don't believe they will miss their numbers. The CC and forward guidance will tell the tail of the tape for Ciena's future these next few quarters if not years.. On a positive spin, they are now sporting a TTM PE of only 171. I'm too tired from traveling to do the math right now, but they had better not change their growth projections or it's whack city for the share price. Granted todays 10% shaving may have been an over exageration brought about by the whole market vibe jitters- and perhaps some rebound is in in the cards between now and the 16th. But with only a week ot so before earnings something extremely positive better come of their numbers and CC or my $25 target will look like a how shall we call it? A nocturnal emission? There is a market out there, someone must be getting it, so far no one has said they were, so it must be CIEN? or ???? We are coming to a cross roads right now with all this "business out there" Granted, corps need to spend to keep ahead of their competitors, but if there is a spending strike, well, all that business will likely be on hold for some time yet. So no one gets to slice up the proverbial pie just yet. And technically, the stock is once again breaking down. if it fails in the 28 area(as I suspect it will) before earnings, it could be a long painful LTBH for those holding the stock. Of course, I never rule out the possibility of a great report. But what will that be worth before the street brushes it off?20%? 50%? still a long cry from "last year's best performing stock" P.S. Perhaps a bit off topic, but something to think about none the less Nortel sees no recovery till mid-2002 By Martin Cej, CBS.MarketWatch.com Last Update: 5:44 PM ET Aug. 8, 2001 BRAMPTON, Ont. (CBS.MW) -- Nortel Networks, the world's largest telecommunications equipment maker, said Wednesday that it does not anticipate a recovery in industry spending before the second half of 2002....... marketwatch.com