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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: yojim who wrote (35608)	2/20/1998 1:44:00 PM
From: Jeff Jordan	Read Replies (2) \| Respond to of 61433

One more time? Lets have your password etc! JJ Ciena flogged, sees lower Q2 By Binti T. Harvey, CBS MarketWatch Fri Feb 20 13:11:39 1998 Also on CBS MarketWatch Network stocks Chip stocks Industry indexes StockWatch Software Report Press releases Market Monitor Company news Technical charts Volume alerts Highs, lows Shares of Ciena Corp. dove 23 percent Friday morning after reporting better-than-expected earnings but forecasting falling profits in the second quarter. The telecommunications equipment maker earned 37 cents a share in the first quarter, surpassing the consensus estimate of 35 cents. In the same period in 1996, Ciena earned 13 cents. Sales rose to $134.3 million from $53.9 million a year ago. Ciena said it may report a decline in second-quarter earnings due to reduced orders from WorldCom. The company also cited continued uncertainty about shipments to AT&T. Analysts were looking for second-quarter earnings of 37 cents a share. Ciena said WorldCom has reorganized its purchasing system, but will resume significant purchases of Ciena equipment in late 1998. Ciena plunged 13 1/8 to 45.