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

To: Xpiderman who wrote (1828)	3/31/1998 8:40:00 PM
From: Intel Trader	Respond to of 12623

Boys and girls, the sky is not falling. Today's price action is what is known as volatility. A large player or two began exiting their CIEN position this afternoon just after 1330 CST. That coincided (for what that is worth) with the FOMC announcement of no change in interest rates. At the same time the biggies got out, some buying was taking place by other large players. We're talking about hundred thousand share positions being closed in a matter of only say 15 - 30 minutes. I'd say that as a very rough guess about 2.2 million shares traded during the downswing in the last hours of the day, (about 1/2 the day's volume). Had no one been in line to buy up the shares being sold, CIEN could be in the low 30s at this point. As it was, I think things held up reasonably well, and I opened long positions at 44 1/8 and doubled up at 42 3/8. I expect that we should see CIEN at 46 - 48 within the next week, with a downside shake to 40. We are now OVERSOLD. I won't play the Pied Piper, but at the same time I wouldn't get overly disillusioned, especially for the long term. If I'm horribly wrong, someone please set me straight. (Maybe there is some news that we didn't get as yet -- heaven forbid!) I don't think that this stock is in any sort of crisis, and the glass is half full. The best to all, it Gary, are you still around?

To: Xpiderman who wrote (1828)	3/31/1998 8:48:00 PM
From: Intel Trader	Respond to of 12623

more: biz.yahoo.com Monday March 30, 2:43 pm Eastern Time Company Press Release CIENA Captures Bell Atlantic DWDM Business Expands Into Local Exchange Carrier Market LINTHICUM, Md.--(BUSINESS WIRE)--March 30, 1998--CIENA Corporation (NASDAQ: CIEN - news) announced today that it has reached an agreement to supply Bell Atlantic with CIENA's dense wavelength division multiplexing (DWDM) optical transmission systems. Under terms of the agreement, CIENA has been initially allocated 50% of Bell Atlantic's DWDM purchases over the next five years. General deployment is expected in the second half of 1998, subject to completion of ongoing testing. CIENA's DWDM systems are the only DWDM systems to have completed laboratory evaluation at Bell Atlantic. ''CIENA's optical transport products will help Bell Atlantic to stay ahead of the demand for more bandwidth being generated by the increasing growth of data and internet services,'' said Paul Lacouture, chief technology and engineering officer, Bell Atlantic. Bell Atlantic's DWDM deployments will mark the first time a local exchange carrier (LEC) has committed to deployment of the technology. ''This is one of the steps in Bell Atlantic's plans for an all-optical network,'' Lacouture said. ''The deployment of CIENA's MultiWave Firefly(tm) and MultiWave(R) 1600 in local exchange carrier networks is the next logical step for CIENA's optical transmission products,'' said Patrick Nettles, CIENA's president and chief executive officer. ''The economics and scaleability of CIENA's DWDM equipment will enable local exchange carriers like Bell Atlantic to deploy a leading-edge technology that should handle all of their customers' bandwidth demands for the foreseeable future.'' ''By winning this account, we've completed the first in a series of milestones we set for ourselves when we started building our sales and support infrastructure for the LEC market over twelve months ago,'' stated Larry Huang, CIENA's senior vice president of sales and marketing. ''CIENA's industry-leading technology and unparalleled experience in deploying DWDM networks should provide Bell Atlantic with some of the critical elements it will need to deploy its next generation broadband data network.'' The supply agreement between CIENA and Bell Atlantic has no minimum purchase commitments and includes CIENA's long-haul systems (MultiWave(R) 1600 and MultiWave Sentry(tm)), its short-haul systems (MultiWave Firefly(tm)) as well as its network management solutions (WaveWatcher(R)). CIENA's leadership in DWDM and optical networking has been demonstrated by the widespread acceptance and deployment of the MultiWave(R) 1600 and MultiWave Sentry(tm) in the inter-exchange carrier market in the U.S. as well as in Europe and Asia. Entry into the local exchange carrier market with products like the MultiWave Firefly(tm) further strengthens CIENA's position as the optical networking leader. NOTE TO INVESTORS Forward-looking statements in this release, including statements regarding the expected timing of general deployment of CIENA's equipment in the Bell Atlantic network during the second half of 1998, subject to completion of ongoing testing is based on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied by such forward-looking statements, due to risks and uncertainties associated with the Company's dependence on its major customers and their spending patterns, including specifically the impact on the Company's near term operating results of WorldCom's recently announced change in purchasing practices, the challenge of transitioning to the manufacture of multiple product lines in fiscal 1998, and the overall management of its expansion. The forward-looking statements should be considered in the context of these and other risk factors disclosed in the Company's Form 10-Q, filed with the Securities and Exchange Commission on February 19, 1998.