Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Phoenix who wrote (1271)	2/20/1998 12:09:00 PM
From: Glenn D. Rudolph	Respond to of 12623

NEW YORK, Feb 20 (Reuters) - CIENA Corp fell sharply in pre-opening trade Friday after the company issued a warning about its second-quarter results, dealers said. CIENA was trading at 46-1/2 after closing Thursday at 58-2/16. "CIENA's way down," one dealer said, citing news about delayed orders from key customer WorldCom Inc . After the market closed Thursday, CIENA said its second-quarter net income would be down from the first quarter due to a slowdown in customer orders, especially from WorldCom. But dealers did not necessarily expect CIENA's fall to pull the market down. "We'll get a mixed opening," one dealer said. "When CIENA coughs, other people don't have to blow their noses."