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

To: jach who wrote (3108)	9/14/1998 7:52:00 PM
From: Gary Wisdom	Respond to of 12623

Ciena earnings reported (from Reuters story on Yahoo) excerpt only: Excluding one-time items, Ciena earned 15 cents a share in the third quarter, compared with analysts' reduced expectations of 14 cents a share, according to First Call. Third-quarter revenue rose to $129.1 million from $121.8 million a year ago. Ciena said it expected its fiscal fourth-quarter operating earnings and revenues to be ''materially below'' its third-quarter results. Ciena said the fourth-quarter shortfall would reflect a loss of expected revenues from DTI and delays or changes in customer purchase decisions because of the company's recent problems. ''Feedback received from our sales force indicates that the uncertainty created by the events of the last few weeks and attempts of our competitors to capitalize on that uncertainty may delay or alter some customers' near-term purchase,'' Ciena said in a prepared release.

To: jach who wrote (3108)	9/14/1998 7:53:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 12623

Full Reuters story link biz.yahoo.com