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Technology Stocks : Ciena (CIEN)

CIEN 241.68

+0.6%

Dec 26 4:00 PM EST

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To: Ibexx who wrote (11703)	12/13/2001 8:10:02 AM
From: chojiro	Read Replies (1) of 12623

Ciena Meets Estimates, Expects Losses Boston, Dec 13, 2001 (MidnightTrader via COMTEX) -- CIENA Corp. (CIEN) today reported revenue of $367.8 million for its fourth fiscal quarter ended October 31, 2001. These results represent an increase of more than 27 percent as compared to the same period a year ago when the company reported revenue of $287.6 million. Pro forma net income was $17.1 million, or $0.05 per share, compared to $41.9 million, or $0.15 per share a year ago. Analysts were expecting the company to earn $0.05 per share on revenue of $365 million, according to First Call. Looking forward, the company says it plans to continue to invest money in itself rather than cutting to "merely survive," which the company says will mean it will incur operating losses.

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