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

To: bh who wrote (6672)	3/11/1999 9:26:00 AM
From: Adrew Thanh	Read Replies (1) \| Respond to of 12623

Bidding at 26 3/8 already. Are there any news or upgrade? I truly believe that CIEN will be acquired sometimes this year if the price is right. CIEN does not have the budget to make it alone with the big boys.

To: bh who wrote (6672)	3/11/1999 4:41:00 PM
From: bh	Respond to of 12623

Yesterday's stockholders meeting feedback PART 1 .... by: upyours2baby (39/M/Davidsonville, MD) 44768 of 44888 I attended yesterday's stockholders meeting and left feeling extremely confident and bullish on Ciena. Of course, most of you have probably figured out, since I sign my messages LONG CIENA XXXXX, that I am extremely bullish on Ciena. After taking care of proxy-related issues, and giving a short Powerpoint presentation, Mr. Nettles opened the floor to questions. Most questions revolved around his expectation of 1999 earnings, to which he responded cautiously optimistic. The presentation provided the following interesting information: FY '97 FY '98 5 Customers 14 Customers 3 U.S. 6 U.S. 2 Int'l 8 Int'l 2 >10% customers 1 >10% customer $413.2m revenue $508.1m revenue <5% Int'l revenue 23% Int'l revenue Q1 '99 100.4m revenue 42% Int'l I asked Mr. Nettles two questions: 1. When will the new customer be announced? Answer: When they are ready to allow Ciena to make the announcment! 2. In light of the recent LU/ASND merger, how do you respond to analysts that say CSCO needs to find a merger partner and that CIEN would be a likely target, as opposed to Ciena remaining independent. Answer: Although Mr. Nettles never indicated that Ciena would be averse to a merger of companies that had synergies, he pointed out that Cisco and Ciena are in different businesses. Cisco, in the routing business, and Ciena in the network business. He sees Cisco and Ciena continuing to be partners in building the next generation of lightwave networks. Mr. Nettles pointed out that he sees Ciena as being a vertical integrator of lightwave technology with all telecommunications customers, large, small, local, and new upstarts as being potential Ciena customers on a GLOBAL basis. He also pointed out that Ciena's products target the long distance companies, the Baby Bells, and the competitive local exchange carries (CLECs) globally. "Ciena has established beach heads in Europe and Japan, and just recently opened the Latin American markets to Ciena's products". Essentially, Ciena can provide value-added bandwidth to existing fiber infrastructures of telecommunications companies everywhere. He was very positive about Ciena's position in the industry and pointed out that Ciena has shipped approximately 2 million fiber-km to date, on a chart showing a 45 degree incline in fiber capacity installed using Ciena products since 1996. Posted: Mar 11 1999 9:03AM EST as a reply to: Msg 1 by YahooFinance Replies: View Replies to this Message post.messages.yahoo.com@m2.yahoo.com

To: bh who wrote (6672)	3/11/1999 4:45:00 PM
From: bh	Respond to of 12623

PART 2 Mr. Nettles also pointed out the following, based on the blind study commissioned by Ciena on the DWDM market. Ciena was named most often as: Best Overall optical networking Best service and support Leading vendor of DWDM systems Easiest to work with supplier Most credible on delivery dates Best job in providing the most important things Going forward Mr. Nettles indicated that future revenues would be provided by a combination of traditional carriers and competitive carriers and saw the biggest increase in Ciena revenues coming from the competitive carrier as they position themselves to compete more effectively with the incumbents. As a final point in Mr. Nettles, presentation, he pointed out the Ciena is at the center of a convergence between voice, data, data communications, optics, transport, and electronics. He explained that Ciena has increased R&D spending to help reduce the cost of Ciena's products by making them more effective using fewer parts to increase margins. He still sees Ciena as being a market leader that will grow through geographic diversification and broaden its customer base to drive revenues both nationally and internationally. I left the meeting with a very good feeling that my Ciena investment will continue to reward me handsomely in the future. My view is that all the real long longs may want to shore up their positions to hedge Ciena's runup to old highs, while longs who got in the recent low prices may want to add to their positions. Profits for all, that's what I want! post.messages.yahoo.com@m2.yahoo.com

To: bh who wrote (6672)	3/15/1999 11:14:00 AM
From: bh	Read Replies (2) \| Respond to of 12623

Acquisition viewpoint from briefing.com! by: upyours2baby (39/M/Davidsonville, MD) 45207 of 45208 11:00 ET ****** CIENA CORP. (CIEN) 24 15/16 -1 7/8. Shares of provider of networking solutions are not reacting kindly to the announcement that this provider of dense wavelength division multiplexing technology will acquire two privately held optical communications companies for stock. Given that shares of CIENA have appreciated lately on the view that the company could again be a takeover target following last year's collapse of its merger arrangement with Tellabs (TLAB 90 5/8 -1/16), the latest acquisition announcement removes some of the speculative assumptions about CIENA being a takeover target. Certainly, the purchase of Lightera and Omnia does not preclude another telecommunications player from making a bid for CIENA. However, it does suggest that there is no one at present waiting in the wings to swoop up CIENA. While being taken out through an acquisition seems to be the easy way out of the corner that CIENA painted itself into when it failed to be awarded a lucrative contract from AT&T (T 82 1/2 +1 1/16) last year and merger deal fell apart, management seems poised to continue to build its product offerings and capitalize on the growing need for high-capacity intelligent optical transport and switching systems. Accordingly, investors should give management credit for not sitting around and waiting for a suitor to appear. While this path may take longer for the share price to rise to prior levels, it certainly beats inaction from management which would eventually lead to market share and significant profit erosions. Courtesy of the LONG CIENA PRICK and Briefing.com post.messages.yahoo.com@m2.yahoo.com