Article: CIENA Announces Intent to Acquire WaveSmith; Addition of Multiservice Switching Platform to Product Portfolio Expands Addressable Market.

Business Editors/High-Tech Writers

LINTHICUM, Md.--(BUSINESS WIRE)--April 9, 2003

CIENA(R) Corporation (NASDAQ:CIEN), a leading provider of intelligent optical networking systems and software, today announced a definitive agreement under which CIENA will acquire privately-held WaveSmith Networks, Inc. Based in Acton, Mass., WaveSmith is a leading innovator of multiservice switching. CIENA was an investor in WaveSmith's third round of financing and resells WaveSmith's equipment under a previously announced worldwide sales and reseller agreement.

Under the terms of the acquisition agreement, WaveSmith will merge into CIENA, and all remaining ...

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