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Technology Stocks : Ciena (CIEN)

CIEN 199.26

-1.1%

Nov 7 4:00 PM EST

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To: Glenn D. Rudolph who wrote (3114)	9/15/1998 12:33:00 AM
From: Gary Korn	Read Replies (2) of 12623

In a decision dated September 9, 1998, but received by the Company today following its morning conference call with financial analysts, U.S. District Court Judge Sonia Sotomayor granted CIENA's motion for summary judgement as to the Kimberlin plaintiffs' federal securities claims, finding "no violations of the federal securities laws in (CIENA's and the individually-named board members') conduct." The Court also dismissed all related state law claims without prejudice, declining to exercise jurisdiction over these claims. For some crazy reason, I take this as a positive turning point. Now let the good news continue. Gary Korn

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