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

To: James Fulop who wrote (9649)	10/11/2000 11:38:05 PM
From: CAtechTrader	Respond to of 12623

GLW pre-announces they will blow away 3rd Qtr numbers, optical is rocking and playing right into CIEN hands. Corning Third-Quarter Results Expected to Surpass Estimates Company Also Raises Full-Year Guidance Wednesday October 11, 9:00 pm Eastern Time CORNING, N.Y.--(BUSINESS WIRE)--Oct. 11, 2000--Corning Incorporated (NYSE:GLW - news), a leading manufacturer of optical-networking technologies used to support the growth of the Internet, announced today that it expects to report third-quarter pro forma earnings that are well above the current First Call/Thompson Financial analyst estimates of $0.30 per share. The company expects to report third-quarter pro forma earnings in the range of $0.34 to $0.35 per share. This would represent growth of more than 75% over the prior year's third-quarter pro forma earnings of $0.19 per share. Corning also expects its fourth-quarter performance to be strong, given the results of the first three quarters of the year, and is raising its full-year guidance to $1.15 to $1.17 per share. Corning anticipates full-year pro forma earnings growth of at least 70%, an increase from previous guidance of 60%. The company said it continued to experience strong demand for its optical fiber and cable, photonic modules and components, and flat panel display glass products during the third quarter. Corning expects to release complete third-quarter results on Monday, October 23, 2000, prior to the opening of the New York Stock Exchange. ``We continue to experience very strong demand for fiber and cable, and revenues from photonics technologies continue to run at a rate double that of last year,'' said Roger G. Ackerman, chairman and chief executive officer. ``We are seeing no slowdown in demand for our products that are fueling the dynamic growth of the optical-networking revolution.'' The company will host a conference call to discuss this third quarter pre-announcement from 8:30 a.m. to 9:00 a.m. EDT on Thursday, October 12, 2000. To access the conference call, dial 888-385-9734 or 312-470-0184, and use password: Update. A replay of the call will begin approximately 30 minutes after the call is completed and will run through 5:00 p.m. EDT on Tuesday, October 17, 2000. To access the replay, dial 800-756-0129 or 402-998-0753; a password will not be required. Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1999 were $4.7 billion. Editor's note: Pro forma earnings exclude amortization of purchased intangibles and goodwill, purchased in-process R&D, one-time acquisition costs, discontinued operations and other non-recurring items. Forward-Looking and Cautionary Statements Except for historical information and discussions contained herein, statements included in this release may constitute ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. Ibexx

To: James Fulop who wrote (9649)	10/12/2000 8:18:08 AM
From: James Fulop	Read Replies (3) \| Respond to of 12623

News.... CIENA Unveils Strategic Component Capabilities CIENA Reveals 25 and 121/2Ghz Channel Spacing via Fiber Bragg Grating Filters Also Reveals Ability to Produce Thin-Film Filters LINTHICUM, Md.--(BUSINESS WIRE)--Oct. 12, 2000--CIENA Corporation, (NASDAQ: CIEN - news) a global provider of intelligent optical networking systems, today announced plans to further strengthen its MultiWave CoreStream(TM) optical transport system performance capabilities by introducing 25 Ghz and 12 1/2 Ghz channel spacing, an industry first that will enable new levels of channel density in its DWDM (dense wavelength division multiplexing) optical transport systems. In addition, it was also announced that CIENA has developed and established an in-house manufacturing capability to produce thin-film dielectric optical filters. CIENA has successfully tested both 25 Ghz and 12 1/2 Ghz channel spacing in its CoreStream DWDM system using fiber Bragg gratings. This development enables precise channel spacing and will make it possible for CIENA to significantly increase the channel count in its long-distance DWDM optical transport systems, expanding throughput to an industry-leading 16 terabits per second. As a result, service providers will be able to scale network capacity further than ever before. Both the 25 Ghz and 12 1/2 Ghz channel spacing will be commercially available in CIENA's CoreStream systems in 2001. CIENA was the first in the industry to commercially deploy optical transport systems using 50 Ghz spaced fiber Bragg gratings, beginning with its 40-channel MultiWave Sentry(TM) 4000 during its second fiscal quarter of 1998. Currently, CIENA internally produces all of the 50 Ghz and 100 Ghz fiber Bragg grating filters used in its DWDM optical transport systems. ``With CIENA's 25 Ghz and 12 1/2 Ghz channel spacing, carriers can more than double the capacity of the bandwidth in their network system without increasing operational costs or obsoleting existing common equipment, '' said Jeff Livas, chief technology officer of CIENA's Transmission Division. ``CIENA has led the industry in bandwidth capacity and spectral efficiencies since the development of CoreStream and continues to improve the product's performance.'' ``CIENA has made a commitment to its customers to develop and deliver forward-looking technology that enables network scalability at lower operating costs. We will continue to focus development and research to address service providers' escalating demands,'' Livas said. ``The enhancement announced today will make it possible for CIENA to continue to provide the most comprehensive optical transport system available on the market.'' CIENA also acknowledged today the establishment of an in-house manufacturing capability to produce thin-film dielectric optical filters. These proprietary designed optical filters are primarily used in optical amplifiers to enhance the performance of CIENA's optical transport products. ``The worldwide demand for bandwidth has created a shortage of some key optical components,'' said Chuck Busch, vice president of CIENA's Advanced Technology group. ``Our ability to manufacture thin-film optical filters gives us the capability to supplement our on-going purchases from our strategic component vendors as well as a controlled component supply for CIENA's internal research and development efforts.'' ``CIENA's systems knowledge and world-class optical assembly capability is a significant strategic and competitive advantage; one that's enabled us to consistently deliver high-performing, industry-leading optical systems,'' said Patrick Nettles, CIENA's president and CEO. ``In addition, our ability to produce and reliably manufacture key components like fiber Bragg gratings, has been critical in ensuring optimal system performance.'' ``We'll continue to look for opportunities like these where we can add value by leveraging our component and optical systems expertise,'' concluded Nettles. ``We'll also continue to work hand-in-hand with our strategic component suppliers to help drive advances in component technology and manufacturing efficiencies.'' biz.yahoo.com