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

To: Glenn D. Rudolph who wrote (6115)	1/17/1999 12:45:00 PM
From: Sawtooth	Read Replies (2) \| Respond to of 12623

<<So, Cien is currently trading at 10 times est. fy '99 earnings? And it trades within a dollar or so of WDC which is est. to lose > $3.00 for it's fy ended 6/99? Wow! What am I missing here???>> <<A wild guess is that the disk drive sector is hot again. No other reason.>> Hi, Glenn. The part that mystifies me isn't WDC as much as Cien trading at ten times est. '99 earnings; not even considering the potential of the DWDM market and the takeover speculation. ??? Guess the kicker is what earnings will really come in at. Regards.