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

To: Glenn Norman who wrote (7001)	4/14/1999 6:57:00 PM
From: W Sheffield	Respond to of 12623

I think Ciena's recent moves (both up or down) show that the stock is not currently tied to market swings. However, if a big correction does occur, 14 is feasible, but I think Ciena will post a slight profit, and therefore, it will not see 14 because of that. And actually, pessimism can be profitable for us longs. A surprise profit can lead to a good upswing, and a slight loss would be already be factored in to the price. Anyone know of any planned "event" that can strongly affect Ciena's price before earnings?

To: Glenn Norman who wrote (7001)	4/14/1999 7:46:00 PM
From: Ishmael	Respond to of 12623

I disagree with part of your post "...the products they base their bussiness on will become commoditized (Lucent-Nortel-Pirelli- etc)in the near future" The Omnia and Lightera acquistions were made to combat this phenomenon as it gives them a more denfensible position in the network and makes their margins more defensible. IMHO, Ish