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

To: Bald Man from Mars who wrote (4119)	10/7/1998 8:39:00 PM
From: John M. Gelnieau	Read Replies (2) \| Respond to of 12623

I think the reason CIEN is trading at this level is huge arbitrdge positions are being unwound and killing the companies capital base as well. I think this is the issue with most of the networking and high-tech sector. Look at CSCO. Fundamentally the internet population is growing at 30% per month some say. CSCO has challenges sure. But, they are going to continue to play a big role in connectivity for all these new users. There is no way that CSCO should be at these levels. I think CIEN is faced with some real challenges. With that said something to keep in mind. They just signed Japan Telephone. That's a new beginning. Also, China is now on the radar. CIEN does not have significant international installed base. This is a growth opportunity for the company. When I bought the stock at $19 it was with the idea that this company could compete on its own. My target was for $30 to $35 within a year through growth. What was not clear at the time was how much focus CIEN management lost on the failed merger. Now, for a break even, I think it possible that CIEN and perhaps TLAB get back together at $20.00. How will shareholders feel about that? I don't know; but, it will be a long way back otherwise. IMO.