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

To: Helios who wrote (1835)	4/1/1998 1:22:00 AM
From: craig crawford	Respond to of 12623

<< Part of price movement can be attributed to the Barron's article where the analyst said that Ciena's problem is that their products are too good and only a few of them quench the demand >> That guy in Barron's doesn't carry any weight with the street in my mind. I could understand a little weakness the following morning, but today couldn't be attributed to him. CIEN has been acting weak since the analyst meeting it held recently. << I expect that "small orders, low demand" is now the accepted story on Ciena. >> I don't consider Sprint's contract extension small. Over $100 million in the first year. I think the story on CIEN is "too few customers accounting for too much business". I thought the Bell Atlantic contract would be large enough to show that CIEN could offset the WCOM contract with some other customers.