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

To: Jeff Dryer who wrote (5948)12/17/1998 4:30:00 PM
From: Kachina  Respond to of 12623
 
Hmmm. Whoops. Have to revisit that. ??



To: Jeff Dryer who wrote (5948)12/17/1998 4:41:00 PM
From: Kachina  Respond to of 12623
 
Let's see - Where are these numbers wrong?

1. Let's assume an aggressive PE of 40.
2. Let's use $287/share.
3. That means $7.17 per share return to justify price.
4. 58.8 million shares have been floated.
5. That means 58.8 x 7.17 = Hmm. $421 million.
There it is. Slipped in an extra zero earlier.

Hmmm. So that isn't so bad - not if they can actually make money instead of just continue to lose it.


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