Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: uptick who wrote (4834)	11/1/1998 9:48:00 PM
From: TokyoMex	Respond to of 12623

>>William Magill, an analyst with NationsBanc Montgomery Securities Inc., Thursday said Ciena may be rising after a mention of the company in Uniphase Corp.'s (UNPH) first-quarter earnings report, released Wednesday. The company reported that Ciena is once again a 10% customer for Uniphase - implying to investors that Ciena's business may be on the rebound, Magill said. The Uniphase idea "holds some water, but the way this is moving, it seems like there is something else out there," another analyst said. << >> Analysts said Ciena remains an attractive takeover target for Tellabs or some other company because of its technology. Ciena makes equipment that allows phone lines to handle more calls and Internet messages. The technology, called dense wavelength division multiplexing (DWDM), is in high demand as communications traffic continues to grow at a furious pace. Ciena has said that it is interested in finding a buyer that would enable it to compete on a more even footing with Lucent Technologies Inc. and other big equipment companies. "Although they showed weak profits in the third quarter, they still have the No. 2 position in DWDM," behind Lucent, Davies said. "We can't ignore the fact that DWDM is one of the biggest transport technologies to come along in a long time." <<