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Technology Stocks : Ciena (CIEN)

CIEN 189.56

-0.2%

Nov 3 4:00 PM EST

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To: The Ox who wrote (12570)	6/11/2014 1:43:20 PM
From: FJB	Read Replies (1) of 12623

Mark Sue - RBC Capital Markets[Opportune]. And perhaps currently you have to sit and let’s just think about your cash and should we think of deleveraging, should we think of debt repayment, any thoughts on just the long term cash that you generate more and more? Gary Smith - CEO and PresidentWell, I think that is going to be a great problem to have Mark, but what I would say is this; we know that we have got a convertible which is coming due in the first part of next year $187 million. I am confident frankly that that is going to convert to equity and so I don’t think there is going to be a cash need. But having said that given our current cash position and the fact that we do expect to generate cash for the rest of this year and next year as well, we’re confident that we have the liquidity to manage our business including the repayment of this debt. And once we get through that repayment or conversion or whatever it is, I do think we’re going to have options on cash and we’ll deal with those as they come up. seekingalpha.com

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