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To: Sure Thing who wrote (1865)	9/18/1998 11:18:00 PM
From: Bald Man from Mars	Respond to of 7247

I want to respond to your question, but I have no frigging idea, if I do, I would have shorted them and make a frigging fortune instead of having one blow up in my face every week ...

To: Sure Thing who wrote (1865)	9/18/1998 11:20:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 7247

sure thing, if you have to pick one or two from that list and bet your farm on it, which one or two would you bet on ??? at this time, I would bet on Ciena ...

To: Sure Thing who wrote (1865)	9/18/1998 11:21:00 PM
From: Jeff Jordan	Respond to of 7247

ST, Ciena...maybe!(that means I like it!<g> AFCI anything -9,Pair...forget it don't interest me any longer....and, I said that for IOM 8 mos. ago! NN...if U like it...and watch? BAY? CS? XLYN?broken? MRVC? same? Cisco...short... Jeff angelfire.com

To: Sure Thing who wrote (1865)	9/18/1998 11:29:00 PM
From: flyboy	Respond to of 7247

CIEN is looking up This is from the WSJ interactive tonight On-Line Investors Speculate Ciena Will Find A New Buyer By Carrie Lee, The Wall Street Journal Interactive Edition NEW YORK -(Dow Jones)- The proposed marriage of Tellabs Inc. and Ciena Corp. is off, but on-line investors are betting that Ciena - despite its flaws - will attract another suitor. The deal between Tellabs and Ciena collapsed Monday, after weeks of speculation that it would be shattered by troubles that beset Ciena in the months after the pact was first struck. Its earnings prospects darkened as the company lost out on a key contract with AT&T Corp. and its stock plummeted. But participants in on-line message boards still see value in Ciena, a Linthicum, Md., maker of telecommunications network gear. They expect another company to step up with an offer for the company. And Wall Street analysts agree. Many believe Cisco Systems Inc. (CSCO) may be the one. Officials at Cisco, a San Jose, Calif., networking giant, declined to comment, citing company policy against discussing rumors or speculation. Ciena, for its part, said it wasn't involved in any merger discussions. "Our plans are to stay independent right now. We haven't talked to anyone," a company spokesman said. "We think our business is strong, bandwidth demand continues to grow, we have a strong balance sheet with over $200 million in cash, a bunch of satisfied customers and strong manufacturing facilities." But to many on Internet message boards and on Wall Street, those are all good reasons to believe another deal for Ciena will emerge. "Ciena has great products, customers and research and development. It makes them look pretty attractive," said Bill Rabin, an analyst with J.P. Morgan Securities Inc., in New York. Ciena's products are used by telecommunications companies to boost the capacity of their fiber-optic networks. Its customers include Sprint Corp. (FON), WorldCom - now MCI Worldcom Inc. - (WCOM), Bell Atlantic Corp. (BEL), and Cable & Wireless PLC (CWP). Joseph Nyi Nyi, an analyst at Gilford Securities, in New York, said Ciena would fit nicely with Cisco, whose primary business is in so-called routers, switches that direct data traffic on computer networks and ordinary telephone lines. "Cisco doesn't offer increased bandwidth [products], so [a Ciena acquisition] would make a nice niche market for them," he said. "Strategically, [an acquisition] makes sense for a lot of companies. Cisco is one," added Steven D. Levy, an analyst with Lehman Brothers Inc., in New York. "Increasingly, Cisco is going to find that the Ciena product sits right next to them in the phone networks... IMHO CIEN will go up next week! C I A O

To: Sure Thing who wrote (1865)	9/18/1998 11:48:00 PM
From: Yo Yo	Respond to of 7247

<<Would someone from each company please explain>> I'm not from any of the companies, but I'll crawl out of my hole and take a weak shot at it. Take a look at CIEN 10Q, with all of the uncertainty in the stock, management took the time to go out and talk to customers, then discussed at length some of the issues facing the company and the industry as a whole. If I remember correctly, his bottom line is that it's dog-eat-dog right now. First, other than the US, growth in much of the rest of the world has stopped. Even here, major customers are adopting more of a just-in-time attitude toward network build out, instead of building two+ years ahead they are only building out for one years growth. Also, with all of the consolidation going on, Worldcom+MCI, Baby Bell marriages, and others, much capital spending has been slowed. So, with reduced spending, instead of those wonderful 50%+ gross margins they were all getting, some competitors are actually settling for 40% now and those that don't (Ciena recently) don't get the orders that are there. Reduced margins don't bode well for bottom line growth necessary to maintain a p/e of 40. I even heard that Lucent CEO told analysts on conference call that the analyst's growth expectations were quite high. But aren't they always? Just my take on what two industry participants said. With that said, the stocks are now free to resume their upward climb. Yo Yo