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

To: Grantcw who wrote (1113)	12/30/1997 3:35:00 PM
From: Helen MacMillan	Read Replies (1) \| Respond to of 12623

TO ANYONE- Does anyone know why Ciena is going up? I haven't seen any good news only a pending lawsuit from pirelli and a somewhat negative article from a link on a Microsoft thread. There were some large volume trades yesterday around 2:00pm. I like the company just don't understand what is happening. Will now go back to lurker mode-Helen

To: Grantcw who wrote (1113)	12/30/1997 4:49:00 PM
From: Tim Bagwell	Read Replies (1) \| Respond to of 12623

Hi Grant, This thread has been unusually quiet lately given the rise in the stock price. I'm not familiar with GigaMux and don't follow Osicom. I just read some info from their site but it's not very detailed. There are a few smaller companies that are entering the DWDM market and we will probably see some others jump in later on as the metro market begins to take shape. I can only offer my subjective opinion on the possibility of a Ciena acquisition and this is certainly open for debate. My sense is that it would not happen. The main reason is that the management at Ciena tends to be very confident of their technical abilities to the point that they will build it themselves rather than buy it. They believe they have the best product on the market and therefore acquisition of a potential competitor would not be in keeping with this view. I think they are also confident that they can maintain a 100% plus growth rate with the exisiting strategy so that an acquisition is not necessary. Frankly, they will have a difficult time keeping up with the demand that they have now. I think the Ciena bunch has what is known as the "not invented here" or NIH syndrome. If it isn't built there they consider it second best. They have come a long way and pride themselves on innovation within the company. Consequently, I would expect any acquisitions to be of a more fundamental nature such as buying the rights to a key technology that they don't have time to master themselves. Just my opinion FWIW.