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Bought AXA at 16.08 in europe.
So hard to wait and not to buy after the initial drop today.
So many stocks look undervalued.
Keep us posted Diesel !
8950 just got consumed. Gulp.
UPDATE 3-Ciena says caution spreading but demand robust
Tue Oct 7, 2008 4:24pm EDT Email | Print | Share| Reprints | Single Page | Recommend (1) [-] Text [+] Market News
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$0 stock trades. 10 free per month.(Adds Cisco downgrade, updates stock price)
NEW YORK, Oct 7 (Reuters) - Ciena Corp (CIEN.O: Quote, Profile, Research, Stock Buzz) said the financial crisis is making more customers cautious, but demand for its communications equipment should remain solid as phone companies still need to upgrade networks.
Ciena sells optical switches and other products that support Internet protocol networks to "Tier 1" phone carriers such as AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz), Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) and Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), as well as smaller providers and business customers.
Ciena Chief Executive Gary Smith told analysts in a meeting on Tuesday that the recently weaker economy and financial sector have affected sentiment.
"You're seeing that uncertainty trickle through to some of our enterprise customers and some Tier 2 customers," he said. The company had previously observed caution among its Tier 1 phone service providers.
Ciena shares fell 7.7 percent to close at $7.87, weighed down by the overall market's bearish sentiment. The Nasdaq composite index .IXIC fell 5.8 percent.
Network equipment leader Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) fell 7.9 percent to $18.84 after Barclays Capital cut its price target to $23 from $27, citing a "deepening situation in financials" that could spread to other areas.
But Ciena's Smith said the increased caution does not mean actual business has turned appreciably worse, and telecommunications customers still need to upgrade their networks to deal with growing Internet traffic including online video.
"The fundamental capacity demands on the network, driven by new applications, continues to be robust despite the macroeconomic challenges," he said.
Customers have not over-invested in network infrastructure, unlike during the tech bubble years that ended around 2001, he added. He said current conditions are "profoundly different" from those in 2001. (Reporting by Ritsuko Ando, editing by Maureen Bavdek, Gerald E. McCormick, Richard Chang)
their cutting it
PMCS advancing e call. Doing it within one week. Why would they do that. Means : no warning for now.
who called pmcs bottom last time ? Dick ? Anybody else. Can you do that again? Ofcourse,last time was a bit different. I guess.
sons and ffiv warn.
Do that wahz ! Guide us a bit with you knowledgde. Thanks for that.
Diesel. DDM ?
Thanks. The question is here :what do you add ? I'm buying ffiv, pmcs, hlit, rimm, mbi (I know)
Wahz. What to you think ? Say something .
I still have my balls, but freeking out as well
rimm has to be a buy here.
VIX near 60, wowza
Helloooo ? The whole Q is : when do we start buying again Look at isrg eg, or others, they look cheap, but are they ?
Where do you see PMCS go from here. It's looking attractive again.
Nuan good buy here. Raised guidance yesterday.
buying MOS and POT here.
wahz. Where are you ? What do you think about all this.
Where do you see this market go ?
cant help thinking representatives of the people r a bunch of amateurs. Promissing something, then changing, then nothing.
If I were to do that on my job, i would be fired.
Bailout dead. It's over. Meltdown started now. Cant freeking believe this.
No bailout ? Paulson will get lynched, bush shot in the head, BB burned like a witch. In some cases that might even make the market go up .
Apart from that : crasherama on banks, GS going broke, nothing left but a few.
Bying nov. Oil stockS undervalued. Fletch with me ? In Rimm now.
Dick. I guess we were ok doing this. Holding a couple of days longer now.
Thanks !
Check out FWLT
You dont agree ? Why not.
BCSI. But not sure. Maybe bankexposure, dont know yet.
FWLT.HLIT.MBI.GE.PMCS.QCOM.FFIV.SBAC.ARRS.RIMM.
OK,we should start to make a list again .
No good e on CIEN. Analysts were negative. So it drops.
Pinch me. NT at 3 dollar ?
r we all hanging on here ? Looks very quietFire sale eg on pmcs.
bought more FWLT, WFC, BAC at opening prices. These will be winners.
Dick. We must be the only ones left on this board
Who is buying gold here ?
hlit keeps adding good news.
ok, crash helmets ready ... here we go ...