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

To: Jon Cave who wrote (3640)9/24/1998 2:04:00 AM
From: jach  Respond to of 12623
 
there are other potential suitors beside csco; also cien was pushed down by panic selling because of the merger being off; imo, cien based on the revenue and earnings estimate, at this price level is still a bargain; 1999 estimate is around 1$, based on avearge networking sector PE of around 35 to 45 the stock should be at least 35$; also this is what it should be in the first place if there was no merger fall-off and only the contracts cancellation-



To: Jon Cave who wrote (3640)9/24/1998 6:23:00 AM
From: Bob Smith  Respond to of 12623
 
Funny how reporters say things differently....

Chambers (according to USA today) said a merger would be "difficult" since CIEN is on the East Coast.

But CSCO's competitors are not limiting themselevs this way. I think his comments downplay a merger for all the obvious reasons.

And like I said earlier...this news was in Yesterday's USA Today.


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