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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (3261)	8/24/1998 1:11:00 PM
From: RiceTrader	Read Replies (2) \| Respond to of 7342

CNBC's Faber indicates .80 to .85 As this will not dilute TLAB earnings.

To: Chuzzlewit who wrote (3261)	8/24/1998 1:27:00 PM
From: joe	Respond to of 7342

Chuzzlewit, I agree with DouHboy that CIENA is undervalued at 30 or below. Short term wise, I wouldn't buy it at the moment for anything less that 30 because there is a lot of confusion and doubt now, but I think most of it is short term. CIENA is a high powered future technology. You can say that TLAB over paid, or the market is saying that it was overvalued. Markets can be wrong. That's why we buy a lot of time. The true history of CIEN is that it can easily be a $100 stock if all its potential is unlocked, if future market demand was firmly established (we know it is, but the question is when not if), and if we knew what the status was in the WDWM development cycle for Lucent and other companies developing the technology. Also, I think it's safe to assume that there are "secret" or at least unknown relationships between Lucent and AT&T and the Bells. (Doesn't necessarily mean it's bad for CIEN, just have to wait and see how the game develops) Because of this "volatile" history, it's hard to figure out future cash flows and present values. I would think somebody would start with a worse case estimate and a best case estimate, and the two would vary considerably. And there would be a lot of variability in estimates by different bidders. To make a long story short, one could easily make a case for CIEN to be worth $35 at the moment, or $100. If I was a CIEN holder right now, I wouldn't want to go to cheaply, if at all. Wait three more months and there's a good chance the telecom merger frenzy will be in full heat. Something will come up with CIEN to boost it's respectability as usually has happened in the past. joe