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

To: john dodson who wrote (6498)	2/18/1999 6:06:00 PM
From: Adrew Thanh	Read Replies (3) \| Respond to of 12623

How about some after hour trading, anyone?

To: john dodson who wrote (6498)	2/18/1999 6:23:00 PM
From: John M. Gelnieau	Read Replies (1) \| Respond to of 12623

John, You raise several good points regarding CIEN. You have to look at CIEN as part of a portfolio of technology stocks that are mainstay <DELL, NT, CPQ, IBM, INTC, TLAB etc>, emerging technology companies that are young but have demonstrated moments of greatness <CIEN, AWRE, YHOO, AOL, EBAY, PSIX etc>, and some pure speculations on true new technologies like wireless and automated voice, graphics and set-top box developers. The point is that CIEN has not earned the right to have the same rating as TLAB for returning shareholder value. Therefore it can't be compared to those players at this time. CIEN is not speculative either. A Sigma Designs comes to mind as speculative at this point. CIEN is in that middle tier I described above and if they can continue to innovate in a fast growing market then they may well have the opportunity to earn that respect and command the same attention as the upper tier players. Also, if they continue with their progress they could be taken out. In fact, in the market today LU, NT, TLAB, CSCO, and others may well dictate whether the CIEN's of the world even have the chance to prove their long-term mettle. If they are that good there are some of the already established that could use their technology, manufacturing capacity, customer base, and development team. CIEN is a typical technology investment. Potential for big swings in both directions that will test your faith and reasoning. I look for more of the same in the future.

To: john dodson who wrote (6498)	2/18/1999 6:48:00 PM
From: Chris Lin	Respond to of 12623

Ha ha. AMAT is a gorilla stock, so people are willing to pay high premium for it. Yes. semiconductor equip. will be very good next year, but how good? probably will just return to the level at the end of 1997. Yet, people are willing to pay more premium now, one year in advance for their glory day. CIEN is a second tier stock, therefore its recovery will be slower. All we longs just need to wait. By the time its visibility is good, the stock should've climbed to 40 already.