Tellium Message Board - Msg: 15856532

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Technology Stocks : Tellium

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To: Sir Auric Goldfinger who wrote (10)	5/25/2001 8:19:32 PM
From: RockyBalboa	Read Replies (1) of 72

washtech.com ... Ciena revised upward its forecasts for the current quarter through 2002. Revenue should increase by 75 percent to 85 percent for 2001 and by 59 percent to 69 percent for 2002, Ciena officials said. Customer demand is driven by Ciena's newer products, they added. Taking advantage of the new equipment are Broadwing Communications, which plans to install Ciena's equipment in its nationwide network, and Dynegy Europe Communications. Dynegy has proposed buying one of Ciena's financially troubled clients in the United Kingdom called Iaxis, which accounted for the $19 million hit Ciena suffered in the quarter. Upon purchase of Iaxis, Dynegy has committed to buying $50 million of Ciena equipment under a three-year contract negotiated by the two companies.

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