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


To: MThree who wrote (3554)9/23/1998 10:55:00 AM
From: Adrew Thanh  Respond to of 12623
 
CIEN will close on the upside today. Nobody wants to miss any annoucement after the close so they will buy toward the close. I was happy to see that CIEN sustained the early profit taking and bounced right back. Its just a matter of time before CSCO makes a bid for CIEN.



To: MThree who wrote (3554)9/24/1998 9:29:00 AM
From: Darrin Vernier  Read Replies (2) | Respond to of 12623
 
Cisco CEO distances himself from any Ciena purchase
WASHINGTON, Sept 23 (Reuters) - Cisco Systems Inc. (Nasdaq:CSCO - news) Chief Executive Officer John Chambers distanced himself from rumors on Wednesday that his company may purchase Ciena Corp. (Nasdaq:CIEN - news), a telecommunications equipment supplier.

Chambers told a small group of reporters that Ciena has ''a number of serious'' shortfalls, measured against criteria his company uses in deciding whether to acquire other companies.