Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (10809)	3/11/2002 2:30:56 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 57684

13:47 ET CIEN CIENA rises on short-covering, takeover rumors (10.70 +1.43) -- Update -- As noted earlier, the telecom equipment group is having a very strong day. Pacing the group's advance is CIEN, which we are hearing is benefiting from Buckingham's upgrade of CIEN (+15.4%), SONS (+7.3%) and ONIS (+13%) to Neutral from Swap. Firm calls these names "survivor" companies that should benefit from stabilizing order patterns. According to firm, investors have seemingly stopped reacting to bad news and are covering large short positions, which is typically the first step in anticipating a stock/sector recovery. Also contributing to CIEN strength is chat room rumor that CSCO could make a play for co at these depressed levels... Other movers of note today include GLW (+5.9%), JDSU (+3.8%).