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

To: Edward Ip who wrote (4758)	10/30/1998 6:41:00 PM
From: still learning	Read Replies (1) \| Respond to of 12623

No it said about 4X fair market value, but didn't specify what FMV was. ( \ )

To: Edward Ip who wrote (4758)	10/30/1998 7:25:00 PM
From: John M. Gelnieau	Respond to of 12623

You can't listen to all these so called experts writing all their BS opinions. Clearly the valuation should reference revenues and not earnings. This reporting makes the point that if you don't know the difference then buy mutual funds and stay away from individual issues. You must be able to d oyour own D.D. otherwise misinformation and bad information will lead you to the grim reaper. The grim reaper is no aquaintence you wish to make becuase he holds no prisioners. This was a screaming buy at anything less than $15. It is now a good speculative buy based on potential contracts and continued merger speculation. I look forward to next week. For one, look at the up line on NASDAQ. Can it continue straight up from the bottom, or must it retrace. If so, how far will CIEN and others follow. If they do how fast will the weak hands exit? Rgds

To: Edward Ip who wrote (4758)	10/30/1998 7:32:00 PM
From: Sycamore	Respond to of 12623

Edward, You're right, it's 4x yearly revenue. See portion of the article below: <<And the Tellabs merger? Industry analysts are still voicing confidence in profitable Ciena's outlook, even after a recent decline in the company's gross profit margin. Some say a reborn merger pact with Tellabs could go for as much four times yearly revenue. Ciena's yearly sales are running just under a $500 million pace. Such a merger pact, if shareholders agreed, would amount to about $20 a share for Ciena holders -- far less than the previous merger proposal but still enough to give some investors a happy holiday.>>