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To: Lizzie Tudor who wrote (17911)	8/22/2003 1:11:33 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Cornind sold their component business. AFCI is a platform company. I don't know Avanex.

To: Lizzie Tudor who wrote (17911)	8/22/2003 1:28:26 PM
From: Bill Harmond	Respond to of 57684

10:02 ET CIEN Ciena upped to Buy from Hold at Needham (6.15 +0.11) While co's Q3 operating results and Q4 guidance were relatively weak, firm believes that datapoints emerged from the qtr that support view that CIEN will be able to drive significant rev growth starting in the 1st-half of fiscal 2004. Firm establishing a $7-8 price target.