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: SouthFloridaGuy who wrote (4998)	11/2/1998 4:40:00 PM
From: Hiram Walker	Read Replies (2) \| Respond to of 12623

Puff, why should it go for $35, you gotta be kidding me? A networking company that is currently at 5 times sales,going at 9 times sales approximately? Huh, whould you buy a company like that in this group? I would like to sell you a suit for $10,000 dollars worn by Prince when he puked in the Palladium. Smart investing is an oxymoronic phrase, but would you guys pay $100,000 for a Volkswagon Beetle? This company might be worth $20, and it may be worth $14, if the contracts don't come along. But in such a highly competitive market anyone who buys CIEN over 20 is going to lose their shirt. I am thinking that CSCO needs a fiber optic company,and that BellSouth needs MetroDWDM. They tested HLIT's system for many months,and I think also CIEN's.But this company is not by any stretch of the imagination worth $35 to anyone. Hiram