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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (56154)	11/13/2002 4:29:35 PM
From: stockman_scott	Respond to of 65232

Ciena (CIEN) 4.11 +0.39: -- Technical -- Soundview Technology is optimistic on shares following checks suggesting pickup in demand; believes company's cash burn in Q403 is better than anticipated and will be on track to get to reduced burn targets forecasted for Y03; with stock's rebound having been more muted than others' in sector, thinks Q4 report could prove to be catalyst for catch-up move, providing trading opportunities; reiterates Outperform rating and price target of $7. Shares have advanced 10.5% on bullish note.