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 (5003)	11/2/1998 4:58:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 12623

37.5 million frigging shares traded,,

To: SouthFloridaGuy who wrote (5003)	11/2/1998 5:03:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 12623

exactly! puff daddyO

To: SouthFloridaGuy who wrote (5003)	11/2/1998 5:48:00 PM
From: Doughboy	Read Replies (2) \| Respond to of 12623

Puff Daddy, Much as I would like to turn back the clock, I can't agree with you that Ciena is a $40 stock let alone a $90 one. Ciena has changed fundamentally from a company that was expected to earn $2.00 a share next year to being one that may lose money next year. At $2.00/share, Ciena was properly valued in the mid-40s. At break even, it's anybody's guess what Ciena is worth. Losing the AT&T contract and the smaller Teleport contract was a big part of the change in valuation, and it remains to be seen whether BellSouth and/or Bell Atlantic will make up any of the lost ground. Also, Ciena's established customers Sprint and Worldcom have both indicated slowing down their buying of DWDM in the near term and have squeezed Ciena for big discounts. I'm not sure Ciena can expect profit margins in the 50-60% range that it has done in the past. The smartest thing someone said on this thread was to was to forget about $90. That's irrelevant to where Ciena is now, and investing based on that $90 baseline is going to get you into trouble. Doughboy.

To: SouthFloridaGuy who wrote (5003)	11/2/1998 9:36:00 PM
From: Hiram Walker	Respond to of 12623

Puff Daddy, well that is how we relate a company to price, from either a recursive meaning from the group or a previous price of the company. It never was worth $90, either is BRCM,INTK,YHOO,AOL worth what they are selling at. It is the greater fool theory at work.but you are correct,if the group was selling at 10 times revenues,so should CIEN,it is the meaning derived from the rest of the group. I am working with a professor of philosophy on this right now,look up CS Peirce,and his Theory of Pragmatism. Hiram