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Article: Ciena Sees Its Chance; Despite a Major Merger Failure, The No. 3 Fiber-Optics Firm Goes on a Growth Spurt
- Article from:
- The Washington Post
- Article date:
- April 10, 2000
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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On Sept. 14, 1998, around 3 p.m., Steffen Koehler and a hundred of
his colleagues at Ciena Corp. gathered in the cafeteria for what was
supposed to be a raucous celebration of the fiber-optics company's $4
billion merger with Tellabs Inc.
Instead, it turned into a somber, 30-minute event, during which
the company's top officials explained why the deal was aborted that
morning, sending Ciena's market value on a tailspin to $1 billion
from $8 billion in a matter of weeks.
"I can't believe this, what does this mean?" then-systems engineer
Koehler and his colleagues asked each other in shock. They all had
hoped to become wealthy on the Ciena stock options they held.
Koehler, now Ciena's director ...
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Article: Fiber-Optics Rivalry Goes to Court; Linthicum's Ciena Says ...
The Washington Post;
July 20, 2000 ;
700+ words
... ... infrastructure. David Huber, a Ciena co-founder with a PhD in ... the fight. Early last year, Ciena and Corvis had exchanged lawsuits ... of employees defecting from Ciena to Corvis--litigation that ... America alone, according to Ryan Hankin Kent Inc., an industry research ...
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