Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 191.61

-0.1%

Nov 17 4:00 PM EST

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To: Glenn D. Rudolph who wrote (1402)	2/21/1998 10:38:00 PM
From: Gary Korn	Read Replies (2) of 12623

Ciena's strong stock market performance has made its backers quite rich. The company had raised approximately $25 million from a large syndicate of VC firms. The three initial VC investors were Interwest Partners, Sevin Rosen, and Vanguard Venture Partners. Subsequent rounds were funded by the likes of Bessemer Venture Partners; JAFCO America Ventures; Charles River Ventures; Weiss, Peck & Greer; American Telephone & Telegraph Ventures; and Star Venture Entities. Glenn, Nice catch! Having invested in CIEN to help meet its fiber capacity needs (much as CSCO invested in Juniper for switching), I cannot imagine T entirely ignoring the results of its funding. Beyond that, this certainly shows that there is indeed a relationship between T/CIEN, and that T is not simply just another customer. Gary Korn

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