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To: Ted Downs who wrote (38908)3/8/2002 9:13:39 AM
From: sylvester80  Read Replies (1) | Respond to of 99280
 
CIEN Reinstated Near-Term `Reduce/Sell' at Merrill

That may explain why is down pre-market.

quote.bloomberg.com

Ciena Corp. Reinstated Near-Term `Reduce/Sell' at Merrill
By Michael O. Donohue

Princeton, New Jersey, March 8 (Bloomberg Data) -- Ciena Corp. (CIEN US) was reinstated near-term ``reduce/sell'' by analyst Tal Liani at Merrill Lynch. The long-term rating was reinstated ``neutral.''