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

To: gbh who wrote (3253)	9/17/1998 5:14:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 12623

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 I am deciding if I should just bail with my loss. Glenn