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

To: rjee who wrote (5087)	11/3/1998 8:58:00 AM
From: uptick	Respond to of 12623

Dense Wavelength Division Multiplexing (DWDM) is their core bread-and-butter product. This is not as big a contract as the baby bells' but encouraging. CIEN's basically 2/3 the company it used to be... 500-600M sales versus 900M in '97. With the new contracts, CIEN might become 7/8 the company it used to be. The stock price only begins to catch up to the improving fundamentals. It won't be a 90 stock in 3 months but, by itself, low 40's is possible. Getting acquired will be icing on the cake.