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Technology Stocks : Ciena (CIEN)

CIEN 191.78

0.0%

Nov 17 4:00 PM EST

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To: MThree who wrote (3554)	9/24/1998 9:29:00 AM
From: Darrin Vernier	Read Replies (2) of 12623

Cisco CEO distances himself from any Ciena purchase WASHINGTON, Sept 23 (Reuters) - Cisco Systems Inc. (Nasdaq:CSCO - news) Chief Executive Officer John Chambers distanced himself from rumors on Wednesday that his company may purchase Ciena Corp. (Nasdaq:CIEN - news), a telecommunications equipment supplier. Chambers told a small group of reporters that Ciena has ''a number of serious'' shortfalls, measured against criteria his company uses in deciding whether to acquire other companies.

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