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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: MarkC who wrote (9494)	8/21/2000 9:03:45 PM
From: Raymond Duray	Respond to of 12623

Hi Mark, Just read the article. What is it that you want to know? It seems straightforward enough. Best, Ray

To: MarkC who wrote (9494)	8/21/2000 9:05:49 PM
From: James Fulop	Read Replies (1) \| Respond to of 12623

>>Anyone know anything about the story that The Street.com was running on Ciena entitled "Ciena Scare falls flat".<< I've known about this since it came out in the 10-Q on Thursday...It was discussed a bit here and on the Yahoo thread... >>>>One of our customers with an accounts receivable balance of approximately 13% of total July 31, 2000 trade receivables is experiencing certain financing difficulties. If these receivables become uncollectible, we will have to write off this asset or decrease the value of the asset to the extent the receivable can not be collected. This write-down or write-off will directly affect our results of operation and could be material to the results. <snip> The accounts receivable balance from one of CIENA's customers was approximately 13% of total July 31, 2000 trade receivables. While the customer is experiencing certain financing difficulties, management believes that CIENA will be ultimately successful in collecting the July 31, 2000 net accounts receivable from this customer. Moreover, CIENA and the customer have agreed that CIENA has the option of converting some or all of the customer's outstanding accounts receivable balance into capital stock of the customer, subject to negotiation of definitive documentation by both parties and any necessary approvals by the customers shareholders<< freeedgar.com