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To: Greg h2o who wrote (18093)	1/13/2000 9:45:00 AM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

--SUMMARY:--Ciena--Connectors & Other Components * CIENA is a pure-play on the optical networking market. * The company is in the midst of introducing a number of new products that should prove that it can successfully transition itself from a company offering point-to-point WDM products to one that can commercialize and sell optical networking products. * During FY1999 (ended October), the company substantially diversified its customer base and reversed the slowdown in revenues, posting an average sequential increase of 12%, with a 10 point improvement in gross margins.