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

To: Glenn D. Rudolph who wrote (3252)	9/17/1998 11:14:00 AM
From: gbh	Read Replies (1) \| Respond to of 12623

My concern is I own too much of CIEN. Glenn, at this point I think we all feel this way. Some of these estimate cuts are brutal. Even if year over year revenue is the same (and I think revenue will grow next year), this is clearly indicative of the fact that sales and marketing expense will increase, and gross margins will be coming way down. Add to this the need to re-price employee options, and its not a pretty earnings picture going forward. And just to fan the fire a little, how about tax loss selling. I think there will be more pain to endure. Gary

To: Glenn D. Rudolph who wrote (3252)	9/17/1998 2:11:00 PM
From: jach	Read Replies (3) \| Respond to of 12623

<simply can't see this company surviving on its own much longer.> imo, CIEN is in the area that is growing tremendously; revebue based is substantial and they still have SPRINT, Cable Wireless, World Com and others. Not surviving by its own much longer is a statement without any facts, rather was simple using some lost contracts; in the hightech arena, new products are key and Ciena from the track record they can bring out new products; especially direct ATM/IP over DWDM access that will defintely give them a hugh market; there are millions miles of existing Fiber that will eventually need to be utilized better using DWDM and Ciena will gets its share; CIEN at this price is a big bargain.