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

By Stacey Hirsh, The Baltimore Sun Knight Ridder/Tribune Business News

Apr. 10--Ciena Corp., the Linthicum maker of fiber-optic equipment, said yesterday that it agreed to buy a Massachusetts telecommunications company 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 those shares does not include the return of money Ciena invested in WaveSmith as part of a third round of financing of $30 million in October.

With the telecommunications sector in turmoil, Ciena is looking to regain profitability through investments in ...

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