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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: JMD who wrote (2169)	2/20/1998 9:10:00 AM
From: DMaA	Read Replies (2) \| Respond to of 7342

Guilder removed CIEN from his newsletter's "Companies with Emerging Technology" list this month because he sees them falling behind in the technology race. Pretty good timing.

To: JMD who wrote (2169)	2/20/1998 10:28:00 AM
From: craig crawford	Respond to of 7342

<< CIEN's valuation looked other-worldly to me. >> CIEN wasn't cheap and that's why I haven't been long except for a trade lately. Now it is more reasonably priced. Of course it's still not "cheap", but neither is Cisco, Dell, Intel, Microsoft, Tellabs or most other large caps. To me TLAB isn't any cheaper than CIEN now that CIEN is down 12-13 points. << What the hell happened--why down 14 or whatever? >> I'm sure your hearing about it on CNBC all morning but my 2 cents says that CIEN at 58 was kind of like TLAB at 65. Priced for perfection. Just like when TLAB got hit because of currency concerns (that were no big deal in actuality) CIEN got hit because they rely on a few large customers for their business. One of those biggies (Worldcom) pushed out some orders and that was enough to take the valuation down to more reasonable levels. << I'd take a strong look at 40 or below >> I doubt you will see anything below 40 but anything is possible. I will sell TLAB to buy CIEN if it goes below 40. CIEN below 40 is a better buy than TLAB near 60 (provided there aren't any dark little secrets out there that I am missing)