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

To: Elmer Flugum who wrote (5821)	12/10/1998 4:59:00 PM
From: Tom Gebing	Respond to of 12623

Here is some early info.... on the surface it appears to be not good ...... maybe the CC will clear it up some. DJ 16:49 [CIEN] CIENA: INITIATIVES MAY LIMIT OP NET FOR 1ST HALF OF 1999 DB 16:48 [CIEN] REPEAT: CIENA Q4 NET LOSS 4 CENTS VS PROFIT 35 CENTS YR-AGO QTR. DJ 16:47 [CIEN] CIENA SAYS OPER PROFITABILITY MAY BE LIMITED IN NEAR-TERM

To: Elmer Flugum who wrote (5821)	12/10/1998 5:24:00 PM
From: david thor	Read Replies (1) \| Respond to of 12623

Len, Bloomberg has the press release @ -0.03 earnings. I'm more concerned about revenue, year-to-year improved but the last quarter wasn't too hot, but was expected and I think the current price pretty much reflects the expectations. This company is going through the same problem DSC Communications went through a few years ago. Taking all into account, including the high regard for their DWDM products (according to those who work in the business), I'd say the share price in a few days will be pretty much where it is now. I couldn't see a buyout past the mid 20's at their current state of earnings, however I'd have have to go back to look at the DSC buyout to see what kind of premium might be involved. Anyone have an idea on this? I have a small long position in CIEN and plan on keeping them for awhile. I think the daytraders will be disappointed in this one for awhile and that will keep the share price depressed. However, I've been wrong on these things before. quote.bloomberg.com