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

To: Red Scouser who wrote (11483)	8/22/2001 6:38:07 PM
From: MIKE REDDERT	Read Replies (1) \| Respond to of 12623

Cien is up roundly $2 after hours.

To: Red Scouser who wrote (11483)	8/22/2001 7:05:05 PM
From: Nevin S.	Respond to of 12623

Interesting notes on Lucent from TSC...especially interesting is the commentary on LU's fumbling of the Chromatis football: snip.... But after a daunting integration process with two existing Lucent optical products, most of the Chromatis sales and support team split. On top of that, Lucent's entire optical division was in flux: Three successive optical chiefs left the company abruptly over the past year. Today, industry analysts say the Chromatis product is nowhere to be found and recent news reports say its research and development arm in Israel is on its last legs. So with Lucent looking to shrink overseas operations and cull unprofitable products, it might not be much of a stretch to say the highly regarded Chromatis operation is at risk. ....snip Industry observers say the Chromatis saga fits a well-rehearsed script for Lucent: Buy a leading technology -- outfits like Nexabit and Ascend jump to mind -- then suffocate the opportunity under a clueless and unwieldy organizational structure. "Looking back on it, Lucent has mismanaged about as well as any company in the U.S.," says Sam Greenholtz, a former senior network engineer at Verizon and now an analyst with Communications Industry Researchers in Charlottesville, Va. ...snip Notably, industry spending, while dwindling on city-to-city network routes, has held up reasonably well within cities, where so-called metro gear is in demand. Lucent, which notoriously missed a critical product cycle in the 10-gigabit optical transport market, ceding vast profits to rival Nortel (NT:NYSE - news - commentary - research), now looks to be on the sidelines of yet another sales cycle. "Look at Verizon, Lucent supplied us with 65% of all our gear," says Greenholtz. "That's Lucent's business to lose, and they are doing a good job of it." Doug Green, a former Chromatis executive who's now with optical upstart Ocular Networks, says no one can blame Chromatis' tech for its apparent lack of success at Lucent. "If they did [kill] it, it would not be an indictment on Chromatis, though it would certainly surprise me," Green says. "They've got nothing to replace it." "Chromatis had lots of potential," says Greenholtz. "I don't see how they could continue to move forward [in the metro market] without that next-generation box. Chalk it up to mismanagement." thestreet.com