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

To: sam who wrote (5179)	11/3/1998 3:18:00 PM
From: still learning	Respond to of 12623

Nice article, coupla quotes: BancBoston Robertson Stephens analyst Paul Silverstein: Silverstein said he doesn't believe the acquisition rumors have any solid basis, and told clients the company will likely "struggle to make current Street consensus revenue estimates" in the current quarter." However, the analyst expects a substantial backlog to generate strong earnings in the first quarter of 1999. Richard Woo, networking analyst at Thomson Kernaghan & Co. "All these one-product stocks are too speculative for long-term investors," Woo declared. "If they don't get taken over, it's not a good investment because there's no revenue growth, declining market share and they can't make money. It's just a matter of time." "What we're seeing is everyone jumping on the bandwagon, but once the trigger is pulled and no takeover materializes, it's over until the next time."

To: sam who wrote (5179)	11/3/1998 3:31:00 PM
From: Money Maker (MM)	Read Replies (1) \| Respond to of 12623

What will bring CIEN back to $90s? I am trying what I got from today's news. [...]= is my comment biz.yahoo.com Tuesday November 3, 2:03 pm Eastern Time Ciena, Cisco land Enron equipment contract LINTHICUM, Md., Nov 3 (Reuters) - Enron Communications Inc., a unit of U.S. energy company Enron Corp., said Tuesday communications and networking equipment makers Ciena Corp. (Nasdaq:CIEN - news) and Cisco Systems Inc. (Nasdaq:CSCO - news) will supply equipment for its fiber-optic communications network. [Looks like CIEN & CSCO have great future if work together.] Ciena will supply equipment that increases the capacity of fiber optic networks, which will be used together with Cisco's gigabit switch routers (GSRs), Enron said. [Long term contract, again together with CSCO]. Enron Communications is building a fiber-optic communications network on strategic routes throughout the United States. Enron plans to provide network capacity for telecommunications service providers. *[Future plans, is building a fiber-optic communications network on strategic routes throughout the United States]* Ciena said it has already shipped Enron equipment valued at about $23 million for the Portland-to-Los Angeles route. The total value of the deal was not disclosed. [Notice this, "it has already shipped", "for the Portland-to-Los Angeles route", and try to compare with the previous one, "throughout the United States". One route = $23 million. How many routes Enron has? I think that's why we read "The total value of the deal was not disclosed." on that paragraph above.] ''By directly connecting to our Cisco 12000 GSRs, Ciena's equipment made it possible for Enron Communications to create a network architecture that is elegantly simple yet hugely powerful with tremendous bandwidth capacity,'' said Stan Hanks, Enron Communication's vice president of research and technology. [The reasons why Enron choose CIEN's equipment] Shares of Ciena fell early Tuesday 15/16 to 20-7/8. Cisco fell 5/16 to 64-3/16. Both stocks trade on the Nasdaq. Ciena in September was left at the altar by former merger partner Tellabs Inc. (Nasdaq:TLAB - news) The two called of the proposed $4.7 billion deal, which was originally valued as high as $7.1 billion, after a string of bad new about Ciena's business prospects clobbered the shares of both companies. [So, Enron is the beginning for CIEN. Who will be the next?] MM