Ciena Soars, Rate Cut Odds Fall

Regarding another long position, Dell (DELL Quote), Faulkner says the company's postclose earnings are one thing, but the endless internal investigation of its accounting means it's still impossible to get a true sense of the PC maker's plan and the benchmarks it should be judged upon.

Task's second guest, David Peltier, came on for a bonus edition of "Should You Buy It?" and discussed the outlook for Corning and Loews (LTR Quote).

In the remainder of the podcast, Task reviewed the day's corporate news, including strength in regional brokers such as Raymond James (RJF Quote) in the wake of Wachovia's (WB Quote) bid for A.G. Edwards (AGE Quote); mixed results from retailers, including Sears (SHLD Quote), Big Lots (BIG Quote) and Chico's FAS (CHS Quote); and big moves for biotech Dendreon (DNDN Quote) and Critical Therapeutics(CRTX Quote).

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