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


To: Ibexx who wrote (11849)2/20/2002 6:11:04 AM
From: Ibexx  Read Replies (1) | Respond to of 12623
 
From Soundview research:

Ciena (CIEN) Price: $8.73 Strong Buy Acquisition Kevin Slocum 203-321-7219

• Ciena and ONI yesterday announced plans to merge.

• Combination matches the leader in long haul transmission systems and optical switching with the leader in metro DWDM.

• Could produce an earlier recovery for the combined company. Companies' see deal as neutral to current calendar year and accretive to C03.

• We like the combination and believe it will prove a positive catalyst for the stock once initial risk arbitrage pressures abate.

Ibexx