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

To: Robert who wrote (6774)	3/16/1999 6:32:00 PM
From: James A. Shankland	Read Replies (1) \| Respond to of 12623

Judging by the way the stock is dropping, this deal may not go through. If it keeps going, the two acquisitions will effectively be taking over Ciena.... Oh, come on, it's not that bad. Maybe if CIEN drops well below 20 over the next few days, but I don't really think that's going to happen. CIEN has been sort of a "wait and see" story ever since its meltdown. Now it's even more of one. I don't know enough to have an opinion on the merit of these acquisitions, but I was heartened that one analyst was enthusiastic. I'll hold for 6 months to a year, but bail pretty quickly if it looks as if things are not panning out. But I'll hold through a price decline that tracks a downturn in the general market.