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

To: sam who wrote (5245)	11/4/1998 10:10:00 AM
From: Doug Moulton	Respond to of 12623

I agree Sam. I think the sell off is due to the fact that he down-played getting a major contract. He said the focus for 99 is more contracts like the Enron contract. I have a feeling that unless he breaks some other news during the conference the price will drop even more since there was so much hope on a 'major' contract and the Enron is definitely not a major contract. Doug

To: sam who wrote (5245)	11/4/1998 10:12:00 AM
From: Doug Gallian	Read Replies (1) \| Respond to of 12623

Isn't it assumed that CIEN ran up to $22 on 2 major things? RBOC contract and takeover rumors? Well both of these were in essence squashed with the interview this morning. I think we will see Zimmermans prediction of $15 today or tomorrow. Folks are bailing because of the old "buy the rumor sell the facts" and in this case the facts are not good! Doug

To: sam who wrote (5245)	11/4/1998 10:38:00 AM
From: Doughboy	Read Replies (2) \| Respond to of 12623

Sam, I was not impressed by Nettles's performance. In comparison to Birck's interview a couple of weeks ago, Nettles was nervous, dodgy, and inarticulate. He basically got on the telly for 10 minutes and said nothing. What's the point in that? Everyone was expecting that he would announce a big contract this morning with an RBOC and instead he said something like, "while we would love to have an RBOC contract, we believe that the key developments are going to be with the start-up CLECs like Enron." Yawn. Worse than that, he really made it seem like his business was sick, not making a strong statement about ongoing Worldcom business and repeatedly implying that Ciena's customer base is in transition. Who wants a stock whose large customers are not ordering and whose small customers are still just prospects. Start bringing in the little carriers two a week and then we can start talking turkey about a new customer base. As far as I'm concerned, there was no point to Nettles being on CNBC: he clarified nothing and he talked down his company's prospects. Doughboy.