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

To: Tom Aellis who wrote (1526)	2/24/1998 5:12:00 PM
From: Red Dragon	Respond to of 12623

I agree, Tom, that there are several fundamental arguments that make Ciena compelling. That's why I suspect that fundamentalists are going to be the major source of buying in the near future (in my recent post). But the lack of other buying power coupled with powerful selling pressure suggests that there will be plenty of opportunities for a fundamentalist to cherry pick at even better prices. I wouldn't be surprised to see a short term pop, followed by more selling pressure - especially if the general market beings to correct, as Dakota pointed out.

To: Tom Aellis who wrote (1526)	2/24/1998 5:41:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 12623

<< U.S. Fiber infrastructure is presently at 80PCT capacity and while at 70K per mile to plant new Fiber WDM products are by far more cost effective >> I have seen estimates of $125-625 million per 125 miles for laying new fiber. That's about $1-5 million/mile. There are lot's of variables of course including whether or not you have to dig up the ground, etc. That can add a lot of cost. At the time of the article I am referencing (May 29, 1997 IBD New America page) it said that CIEN's solution ranged from $500,000-$1,500,000 per 125 miles. In many instances it is over 100x cheaper to install CIEN's WDM than to lay new fiber.