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

To: Jason Patty who wrote (1768)	3/18/1998 10:10:00 PM
From: Odi Handoko	Read Replies (1) \| Respond to of 12623

Jason: Good question. Consider these points: - stock price dropped from average high 50s to low 40s last month on news a customer was pushing out their purchases. Possible revenue impact was put at approx $40M. - expected competitive product from big player, LU. Bigger, better specs, etc....??? - company mentioned this may have some impact to expected sales/rev figures - some downgrades from some brokers/analysts - now we have news confirming a contract with another customer. Contract is multi-year, first year rev expected to be $100M, etc.. - some upgrades from some brokers/analysts No conclusions from me, but what do you think from events that have been unfolding from above??? IMHO, they are now in a better position than a month before. I think the shorts are #$%@^& in their pants.