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

To: John M. Gelnieau who wrote (3270)	9/17/1998 7:01:00 PM
From: michael liu	Read Replies (1) \| Respond to of 12623

CIEN's market cap is $1.2B, but $200M in cash, and great technology. They reprice employee option at $12.375 means that they are comfortable at this price level. They can use their cash to buy up shares as short term investments. Stock will easily double from here. It will benefit from both employee and company itself. Good strategy. I know they will do something before or on option expire date. One more thing that management team does watch its stock trend. Michael

To: John M. Gelnieau who wrote (3270)	9/17/1998 7:41:00 PM
From: MangoBoy	Read Replies (2) \| Respond to of 12623

<< has approved the repricing of stock options held by the Company's employees to an exercise price of $12.375 >> Ugly. Management gives itself a big reward for shepherding the stock from 90 to 11.75 in sixty days. techstocks.com mark

To: John M. Gelnieau who wrote (3270)	9/17/1998 9:34:00 PM
From: Wowzer	Read Replies (1) \| Respond to of 12623

This is pure bullshit, excuse my french but this company is losing business left and right as a result of it's top employees' mistakes and the company has the balls to reprice its options to 12 and change. Screw the shareholders they just own the company. I think top management should be fired with the new management getting the options at 12. This is a real pet peeve of mine when management reprices its options. If management wants to get paid in options they have to accept the risk as well. Last time I checked the stock went to hell on their watch. Why in the hell should you reward them with new options that are almost in the money now?!? This stock was as high as $92 just a couple of months ago. A lot of shareholders have lost a hell of lot of real money in this company (not just the option to make fortune) and they don't get to reprice their shares. For this reason alone I would never invest this POS company. AMD did the same thing about a year ago and they still a loser company. I guess it is time to reprice their options as well. Sorry just had to vent Rory