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Technology Stocks : Ciena (CIEN)
CIEN 209.52+1.0%Nov 12 4:00 PM EST
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To: Rustam Tahir who wrote (9857)11/29/2000 1:17:07 PM
From: jghutchison  Read Replies (1) of 12623
 
November 29, 2000 13:08

CIENA Corporation Expects Sprint FON Group Relationship to Remain Strong
SAN FRANCISCO, Nov 29 /PRNewswire/ -- The following was issued by Thomas Kee, CRD #2369405:

Stock Traders Daily ( stocktradersdaily.com ) has recently spoke with CIENA Corporation (Nasdaq: CIEN) and verified that CIENA Corporation expects their strategic relationship with Sprint FON Group (NYSE: FON) to remain strong.

Susan DuLong, Director of Investor Relations at CIENA Corporation, expressed 3 important points to Stock Traders Daily. She stated that:

-- CIENA Corporation has been the sole supplier of WDM to Sprint FON Group
for quite some time.
-- CIENA Corporation expects Sprint FON Group to bring on an additional
supplier and has expected this for quite some time as well.
-- CIENA Corporation expects the Company's strategic relationship with
Sprint FON Group to remain strong and an important part of CIENA
Corporation's customer base.

She continued to explain that from her understanding Sprint FON Group's corporate creed requires it to have more than one supplier.

CIENA Corporation stock was down $13.75 to $70.25 on Wednesday based on concerns that Sprint FON Group may be adding Alcatel as a supplier.

The information above is public knowledge. The information is available by contacting Ciena Corp. Stock Traders Daily has offered this information to help investors make educated decisions about their investments. For more information about Stock Traders Daily visit our corporate Website: stocktradersdaily.com .

SOURCE Stock Traders Daily
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