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

To: jach who wrote (3954)10/1/1998 1:06:00 AM
From: S.C. Barnard  Read Replies (1) | Respond to of 12623
 
This probably means little, but tonight on CNBC they did a story on how LU is now in the buying mode, as it can use stock, not just cash to buy, it being *after* the quarter (Oct.1) It has its eye on Ascend, or telecom stocks. I was thinking of maybe CIEN, maybe not??



To: jach who wrote (3954)10/1/1998 7:22:00 AM
From: gbh  Respond to of 12623
 
Assuming 40% growth (very conservative) the current price just using this conservative estimate should be 0.77x40 = 30.8$.

Right on target, as usual. .77 in '98. Maybe .46 in '99. You are right, 40% growth. Wait. That's -40% growth. Oops.

Regards,
no_clue


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