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

To: Larry Brew who wrote (2854)	9/10/1998 11:07:00 AM
From: Baldwin	Read Replies (1) \| Respond to of 12623

Thank you. Once again, product review DOES NOT equate to "lost contract" although many seem to think so. In addition, original proxy dated 7/21/98 specifically states neither company (CIEN nor TLAB) EXPECTED significant revenues from AT&T..never had....and I quote from page 16 (bottom): "Ciena has not planned on significant revenue from AT&T for the balance of calendar 1998 and, based on the strength of its other customer relationships and the recent pace of development of the worldwide market for DWDM equipment, it is not clear whether the absence of revenue from AT&T for the balance of the year and for some period beyond would have any material adverse effect on Ciena's financial condition or results of operations. However, if AT&T were to elect not to deploy Ciena's 40-channel systems, there is no assurance that Ciena would be able to replace the longer-term revenue potential of an AT&T from among its other customers and potential customers." This is extremely clear, IMHO.