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

To: Kenneth E. Phillipps who wrote (12131)	8/22/2002 12:16:57 PM
From: Jack Hartmann	Respond to of 12623

Ciena's Problem: A Top-line Collapse 8/22/02 11:43 AM ET When Ciena reported those awful numbers this morning, management suggested part of the loss was due to a cancelled order by a major telco. Word on the Street now has it that that non-buyer was Telmex, the Mexican national phone company. Management was certain, we heard, that the order will be reinstated, and filled, pretty quickly. But that one order isn't the issue -- it just couldn't have led to this kind of diaster all by itself. The number to take away from the Ciena call is the top-line collapse: Ciena's quarterly revenues fell to just $50 million . . . from $458.1 million in the year-ago quarter. And with operators of long-haul fiber networks -- think Sprint, Qwest, WorldCom -- either hoarding every penny (Sprint), or dropping like flies (Qwest, WorldCom), it's very hard to see how Ciena rebuilds its top line anytime soon. Or at least, in time to stave off a fire-sale merger. From Realmoney.com site Jim Seymour -writer Jack - no position

To: Kenneth E. Phillipps who wrote (12131)	8/22/2002 1:43:02 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 12623

Its interesting looking at the naz institutional trading page for cien and jdsu. The first obvious thing is that the institutions really aren't in these stocks to the degree that you'd think... cien about 50% inst. and jdsu in the 30% range. Both companies had aggressive adds in the last quarter, very few sells. Cien had NO sells on the first page, jdsu a few. I don't think there is any hurry to own this stock (in fact I sold some a while ago to buy sebl) but this one will be back and the fact that not many institutions are in now gives it some real upside potential, imo. Lizzie