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

To: bh who wrote (6772)	3/16/1999 6:16:00 PM
From: Doughboy	Respond to of 12623

Merrill Lynch was lukewarm on Ciena's acquisition. Their report took down Ciena's earnings by .20 for FY99 from .20-30 to 0-.10. The report also doesn't say a word about whether they think it was a good long-term move. I guess we should be glad that they didn't downgrade Ciena. IMO, this was GREAT for long-term shareholders, and bad for short-term traders. Ciena is going to mark time for an additional 6 mos. because of this acquisition. But it will come out of the acquisitions stronger, with a full array of solutions for transport and DWDM--something that CLECs and ISPs are looking for. In any event, I still think with some upside earnings surprises, Ciena should get into the 30s this calendar year and will bounce around up there. Doughboy.