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

To: Dennis Lee (Hijacked) who wrote (2422)	8/22/1998 2:29:00 PM
From: Ibexx	Read Replies (1) \| Respond to of 12623

Dennis, The initial plunge was precipitated by AT&T's formal announcement of testing cancellation, despite the fact that some folks got the word days/weeks before the general masses. Although it was speculated that TLAB mgt/shareholders would have second thoughts about a merger, a formal announcement of postponement came only hours later. Ibexx

To: Dennis Lee (Hijacked) who wrote (2422)	8/22/1998 2:56:00 PM
From: PKFVA	Respond to of 12623

So why, on a fundamentals basis, is CIEN a bargain at this price? I'm looking for reasons to get back in (bought at 43, sold at 72 several weeks ago), but it seems to me that: 1) TLAB merger is off (not sure if this is good or bad for CIEN); 2) the competition is formidable and has deep pockets; and 3) the market is comprised of large deals - which are known to all competitors and hotly contested. What differentiates CIEN at this point?

To: Dennis Lee (Hijacked) who wrote (2422)	8/22/1998 3:04:00 PM
From: John Carragher	Read Replies (1) \| Respond to of 12623

Is there any other way to determine at what price cien closed at in after hours trading....

To: Dennis Lee (Hijacked) who wrote (2422)	8/22/1998 3:48:00 PM
From: Ibexx	Respond to of 12623

Dennis, The timing of Quote.com's (after hours) last trade was clearly specified. In the past, Quote.com's numbers were quite accurate, as I frequently verified them with my brokers. Thus I have no reason to believe the $28 1/8 transaction was either an error or out-of-sequence. However, I do agree that there is no absolute correlation of this trade with the stock's Monday morning actions, as too many wild cards are out there doing a balancing act. Ibexx