Ciena's lost deal hits share value, shot at merger.(Business)

The Washington Times;  August 22, 1998 ;   Abrahms, Doug;   439 words ......one of its shares for each Ciena share. But yesterday's stock...those terms unreasonable as Ciena shares fell while Tellabs...Analysts say Tellabs still could buy Ciena but at a lower stock-swap ratio. Ciena is a fast-growing company...than half of expectations. Ciena shares tumbled ...

The Deal That Got Disconnected; Ciena's Merger With Tellabs Seemed Set...

The Washington Post;  September 7, 1998 ;   Mike Mills;   787 words ......another telecommunications equipment company, Ciena Corp., that shareholders were about to...and chief executive of Linthicum-based Ciena, with bad news: AT&T Corp. had just called...would no longer be interested in testing Ciena's flagship product, a device that increases...

Ciena Adds Stake in Private Tech Firm

The Washington Post;  September 11, 2003 ;   Yuki Noguchi;   341 words ...Ciena Corp. of Linthicum, Md., announced yesterday that it took...based private technology firm that makes network devices Ciena plans to market to its own customers. The investment, which...Partners -- is the latest in a series of investments for Ciena, which makes fiber-optic equipment used in high- speed ...

Ciena Loss Grows as Revenue Falls 80%; Md. Fiber-Optic Firm Cites Telecom...

The Washington Post;  May 24, 2002 ;   Yuki Noguchi;   669 words ...Ciena Corp., the second-biggest domestic maker of fiber-optic equipment...shows any sign of reviving. Stock in Linthicum, Md.-based Ciena has dropped 90 percent in the past year, and yesterday fell...Cost cutting by the 66 telecommunications companies that are Ciena's customers has been "extreme," Gary B. ...

Linthicum, Md.-Based Ciena Corp. to Buy Massachusetts Telecom Firm.

Knight Ridder/Tribune Business News;  April 10, 2003 ;     529 words ......Knight Ridder/Tribune Business News Apr. 10--Ciena Corp., the Linthicum maker of fiber-optic...in a stock deal valued at $158 million. Ciena will buy all of privately held WaveSmith Networks stock for 36 million shares of Ciena common stock. The $158 million value of...

Ciena to Cut 10 Percent Of Jobs in Restructuring; Firm Says It Will Meet...

The Washington Post;  November 13, 2001 ;   Dina ElBoghdady;   579 words ...Ciena Corp. said yesterday that it will lay off 10 percent of its...recent acquisitions. But Wall Street cheered yesterday after Ciena said it would meet analysts' financial forecasts when it...tied to the layoffs, which affect 380 manufacturing workers, Ciena officials said. Maryland employees make up ...

Ciena Sheds One-Fifth of Workforce

The Washington Post;  March 27, 2002 ;   Yuki Noguchi;   581 words ...Ciena Corp. yesterday laid off an additional 650 people, or 22...were hit hardest, as 455 people in the area, primarily in Ciena's manufacturing facilities, lost their jobs, said Glenn Jasper, a spokesman for the Linthicum, Md.-based company. Ciena employed 3,895 people six months ago; it now has 2,275, ...

Ciena Narrows Loss, Boosting Hopes, Shares; Maryland Telecom Firm Sees an...

The Washington Post;  December 13, 2002 ;   Yuki Noguchi;   680 words ...Ciena Corp. reported another quarter of precipitous year-over...sparked a flurry of trading in telecommunications stocks. Ciena said its fourth-quarter loss was $754.8 million ($1.75 per...revenue of $61.9 million. In the fourth quarter a year earlier, Ciena posted a loss of $1.8 billion ($5.51) and sold ...

With Merger Cleared, Ciena to Cut 335 Jobs; Despite Deal, Revenue Expected...

The Washington Post;  June 19, 2002 ;   Yuki Noguchi;   468 words ......merger of fiber-optics equipment makers Ciena Corp. and ONI Systems Inc. yesterday, Linthicum, Md.- based Ciena said it will lay off 335 employees and...falling revenue could drop even further. Ciena said it plans to cut 225 Ciena and ONI...

Reports Undermine Ciena's Share Price

The Washington Post;  November 30, 2000 ;   Ellen McCarthy;   355 words ......climate for technology stocks. Not even Ciena Corp. The telecom industry's veritable...week, lost $11 yesterday to close at $73. Ciena had been relatively successful in the last...Technologies Inc. Even after this week's fall, Ciena stock is the second-biggest gainer among...

Ciena on track despite stock hit.

Washington Times (Washington, D.C.);  March 13, 2007 ;     542 words ...Byline: Kara Rowland Mar. 13--Shares of Ciena Corp. plunged earlier this month when the...21 cents as compiled by Bloomberg News. Ciena, which sells optical transport and switching...Merrill Lynch analyst Tal Liani noted that Ciena's contract with BT involves low-margin...

Ciena Says Earnings May Drop Sharply

The Washington Post;  September 6, 2000 ;   Yuki Noguchi;   692 words ...Ciena Corp. announced yesterday that its fourth-quarter earnings might be slashed in half because of the...its European customers. Iaxis Ltd., a London-based reseller of fiber-optic network capacity, owes Ciena about $28.2 million, or 13 percent of Ciena's accounts receivable. Ciena said the debt ...

Ciena Wins AT&T as A Customer

The Washington Post;  May 23, 2001 ;   Dina ElBoghdady;   539 words ...Ciena Corp.'s longtime quest to...long-distance carrier agreed to buy the Linthicum, Md., firm's...explanation, dropped plans to buy Ciena's flagship fiber-optic product. The 1998 decision crushed Ciena's stock price and ultimately...by Tellabs Inc. to acquire Ciena. But yesterday, ...

Ciena's Shares Fall 10%; Ciena Shares Down 10%

The Washington Post;  December 12, 1998 ;   Rajiv Chandrasekaran;   552 words ...Shares of once-highflying Ciena Corp. fell 10 percent yesterday after...lead to losses in the next two quarters. Ciena, which develops and manufactures products...efforts to gain market share. As a result, Ciena intends to lower its prices too and spend...

Ciena Posts Profit Of $26 Million; Figure Tops Wall Street Estimates

The Washington Post;  December 8, 2000 ;   Dina ElBoghdady;   549 words ...Optical-equipment maker Ciena Corp. beat Wall Street's earnings expectations...payroll tax on stock-option exercises, Ciena's pro forma profits were about $41 million...profits would slip below expectations. Ciena's stock traded as high as $98.31 and dropped...