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

To: chojiro who wrote (11414)	8/9/2001 11:07:07 PM
From: chojiro	Read Replies (1) \| Respond to of 12623

What has changed from June 19th to August 9th? 6/19/01 Optical network equipment maker Ciena (CIEN:Nasdaq - news - commentary) was down 8.4% in late morning trading after Deutsche Banc Alex. Brown cut its estimates on the stock over concerns about the telecom sector. According to published reports, Deutsche Banc lowered 2001 EPS to 71 cents on revenue of $1.7 billion from 73 cents and revenue of $1.74 billion. Thomson Financial/First Call had previously estimated 74 cents. Ciena had traded sharply higher on the Island ECN as part of a preopen sector rally. Message 15965238 8/9/01 7:35AM CIENA Corp (CIEN) 30.88: DB Alex. Brown previews next Thursday's earnings report... expects CIEN to beat estimates on the top and bottom lines, with company guidance of 95%-105% top line growth for FY01 remaining intact and management blessing Q4 consensus... anticipates management backing off earlier FY02 guidance of top line growth of 45%-65%, to adjust to macro-environment. Message 16189774