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

To: Robert Einstein who wrote (5375)	11/8/1998 10:08:00 AM
From: Phillip C. Lee	Read Replies (2) \| Respond to of 12623

As the small-cap stocks started to get explosive in the recent month (up 26% in one month), CIEN is one of the stocks that got the hardest hit. The average price held by shareholders is still well above the current price. Those who hang in there with higher get-in prices will mostly continue to stick with the stock. I think the stock price has been stabilized around $16.5-$19. When to break the pattern depends on the following factors: (1) CIEN's technology will compensate what CISO's lacking. The current tele-comm competitiveness was between CSCI and LU. CIEN certainly belongs to CSCO's side. If CIEN can get more opportunities from CSCO, then the future appears to be bright. There is also a possibility that CSCO will get more interest in CIEN. (2) CIEN has expanded its customer base from 2-3 to 14, which is an excellent signal to expand its business in the near future, particularly in foreign countries, such as Japan and Euorpe. (3) The old customers, such as MCI WorldwideCom will still be buying next year. I think Baby Bells are the targets for CIEN to gain more territory as the internet widespread all over the BabyBells hot services. (4) Its short-term price move will primarily depend upon past quarter's results (ended on October 31) and the development of new customers or business. (5) TLAB is still interested in CIEN, but TLAB is waiting for the opportunity to step in with various means. The trend of these two companies should be important to investors. All in all, I still believe CIEN is an excellent stock to hold for intermediate and long terms because of its sector and its depressed stock market value. Phil