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

To: john dodson who wrote (5873)	12/12/1998 7:45:00 PM
From: Henry D	Read Replies (1) \| Respond to of 12623

if CIEN doesnt have the financial weight to lower prices....they should seriously consider selling out to a heavy weight at this point. any chance, CSCO would buy?

To: john dodson who wrote (5873)	12/12/1998 11:30:00 PM
From: gbh	Read Replies (1) \| Respond to of 12623

John, given the guidance for the next two quarters is break even (at best), and for the next year is a meager .50 or so, its clear that the stock is not likely to rise above 20 for some time. IMO, even a buyout price would not likely be much above 20. Nettles will come to this realization soon, and sell the company for 18-22. I think, short-term, we are headed to the 12-14 range. There's just way too much uncertainty for WS to get comfortable with this company any time soon.