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


To: fedhead who wrote (1078)12/10/1997 5:14:00 PM
From: Darryl Olson  Read Replies (1) | Respond to of 12623
 
Depends on what the investment community was expecting.



To: fedhead who wrote (1078)12/10/1997 5:45:00 PM
From: Rajiv  Read Replies (1) | Respond to of 12623
 
The sequential growth in
revenue : 121.0 million from 112.2 million (7.8%)
net income : 37.3 million from 34.9 million (6.8%)
This does not factor in the rise in the number of
outstanding shares.

The days of explosive growth is over (unless of course
AT&T becomes a big customer).

In the absence of a strong tech rally, I would expect
CIEN to be trading in the 40's

Happy investing.
Rajiv