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

To: jghutchison who wrote (9989)12/14/2000 8:49:55 AM
From: James Fulop  Read Replies (1) | Respond to of 12623
 
>>I believe you are mistaken about the Omnia acquisition. It was not $1.5 billion. It was closer to $400 million as I recall. You can check the Ciena archives to get the correct
figure<<

Here is the release for the Omnia deal....looks like it was much less than that 1.5 billion...

>>CIENA Corporation, Lightera Networks Inc. and Omnia Communications Inc., today announced
The CIENA LightWorks Initiative, a plan to change the fundamental economics of service
provider networks. CIENA launched this effort with agreements to acquire Lightera and Omnia,
both privately held, in two separate transactions valued collectively at approximately $980
million.<<

ciena.com



To: jghutchison who wrote (9989)12/14/2000 10:02:45 AM
From: Techplayer  Read Replies (2) | Respond to of 12623
 
jghutchinsom. Omnia was bought for 420 million when Ciena was at 28. Do the math. I am not mistaken about Omnia. They did not develop ASICs for that product and every single one of the engineers that was there in the original group is gone. All of the system software guys, hw guys, managers and marketing people...gone. Great deal for Ciena.

tp


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