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

To: john dodson who wrote (6600)	2/24/1999 4:43:00 PM
From: Doughboy	Read Replies (1) \| Respond to of 12623

Some news from CBS Marketwatch: Nettles said at BB Robby Stephens conference that he expects prices to remain firm this year and for gross margins to gradually improve. Also, a synopsis of the Robby Stephens report: BancBoston Robertson Stephens Upgrades Ciena Corp. to a Buy Rating PR Newswire - February 24, 1999 11:20 SAN FRANCISCO, February 24 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior communications/networking analyst Paul Silverstein today upgraded Ciena Corp. (Nasdaq: CIEN) to a Buy rating from Long-Term Attractive. Ciena is a leading provider of advanced high- bandwidth fiber optic Dense Wave Division Multiplexing (DWDM) systems. DWDM systems are used to increase the bandwidth transmission capacity of fiber optic telecommunication networks. "We are upgrading Ciena to a Buy rating from Long-Term Attractive due to improvements on the margin with respect to business fundamentals, including the pricing environment, customer concentration and revenue stream visibility," said Silverstein. "The company benefits from a robust and accelerating DWDM market, with increased customer activity during the past several months. Significantly, while a number of competitors have 40+ channel systems in various stages of trial, Ciena remains the only DWDM vendor to have deployed 40 channel systems into live carrier production networks," said Silverstein. Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE BancBoston Robertson Stephens /CONTACT: press only, Elizabeth Keys, of BancBoston Robertson Stephens, 415-693-3334/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 110914/ /Web site: rsco.com