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


To: Glenn D. Rudolph who wrote (1731)3/16/1998 8:02:00 AM
From: Gary Korn  Respond to of 12623
 
LINTHICUM, MD. (March 16) BUSINESS WIRE -March 16, 1998-- New DWDM Technology Secures Sprint's Lead in Data Communications Sprint (NYSE:FON) and CIENA Corporation (Nasdaq:CIEN) together announced today that Sprint has chosen CIENA's 40-channel MultiWave(R) 4000 scaleable dense wavelength division multiplexing (DWDM) system for deployment next month in the Sprint network. Such a move will enable Sprint to immediately increase its current network capacity by 250%, and eventually by 600% to deliver high-performance communication services to Sprint's business and data customers. In addition, both parties have signed a three year supply agreement for the MultiWave 4000. Sprint's use of the MultiWave 4000 will mark the first time that a long-distance carrier has deployed a 40-wavelength system in its network. In early 1996, Sprint began installing CIENA's 16-channel product, once again leading the industry in DWDM deployment. Based on design innovations recently introduced by CIENA and announced separately today, the MultiWave 4000 is scaleable on a channel-by-channel basis from 40 channels, or 100 Gb/s, to 96 channels, or 240 Gb/s, which enables Sprint to protect its investment in its existing fiber-optic network and expand capacity in the future. Such a capability will enable Sprint to deliver high-performance solutions more efficiently and at lower cost. When coupled with Sprint's OC-48 SONET equipment, 96-channel DWDM equals almost 3.1 million phone calls over a single fiber pair -- enough capacity to carry all the voice traffic of all the major long distance carriers. This capacity also enables Sprint to handle the growing demands for multimedia and high-bandwidth data applications. "As Sprint plans for continued network and traffic growth, scaleability is critical," said Marty Kaplan, senior vice president and chief technology officer at Sprint, who recently was named America's Network "Technologist of the Year." "CIENA has consistently delivered high-capacity DWDM systems to help meet the needs of Sprint's customers. With the MultiWave 4000, Sprint will continue its leadership position in voice and broadband services." "After more than a year of shipping our 16-channel, 40Gb/s DWDM systems to Sprint, we are gratified that CIENA has received this additional vote of confidence, especially because it follows Sprint's industry-wide review of competing DWDM systems," said Patrick Nettles, CIENA's president and chief executive officer. "The provisioning of greater bandwidth is critical to every carrier, and we're very pleased that when Sprint faced a real decision for an actual 200 plus Gb/s deployment, CIENA was selected." The contract is a three-year addition to an existing Sprint/CIENA 16-channel supply agreement, and follows successful acceptance-testing of a fully populated 40-channel MultiWave 4000 DWDM system at Sprint's testing laboratories in Burlingame, CA. NOTE TO INVESTORS Forward-looking statements in this release, including statements regarding the expected timing of installation of CIENA's equipment in the Sprint network during this quarter is based on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied by such forward-looking statements, due to risks and uncertainties associated with the Company's dependence on its major customers and their spending patterns, including specifically the impact on the Company's near term operating results of WorldCom's recently announced change in purchasing practices, the challenge of transitioning to the manufacture of multiple product lines in fiscal 1998, and the overall management of its expansion. The forward-looking statements should be considered in the context of these and other risk factors disclosed in the Company's Form 10-Q, filed with the Securities and Exchange Commission on February 19, 1998. ABOUT SPRINT Sprint is a global communications company -- at the forefront in integrating long distance, local and wireless communications services and is one of the world's largest carriers of Internet traffic. Sprint built and operates the United States' only nationwide, all-digital, fiber-optic network and is the leader in advanced data communications services. Sprint has $15 billion in annual revenues and serves more than 16 million business and residential customers. ABOUT CIENA Based in Linthicum, Maryland, CIENA Corporation is a worldwide market leader of open architecture, dense wavelength division multiplexing (DWDM) systems for long-distance and local exchange carriers. CIENA's DWDM solutions include the MultiWave(R) 1600 long-haul transport system, WaveWatcher(R) network management software, the MultiWave Optical Add/Drop Multiplexer, the MultiWave Sentry(TM) enhanced long-distance transport system and the new MultiWave Firefly(TM) and MultiWave Metro(TM) short-haul systems. Through its Alta subsidiary, based in Norcross, GA, CIENA provides a range of engineering, furnishing and installation (EF&I) services for telecommunications service providers in the areas of transport, switching and wireless communications. CIENA's DWDM equipment expands the carrying capacity of fiber optic networks by dividing the optical signal into several separate optical channels or wavelengths. An optical fiber without DWDM technology carries a single color of laser light, or a single wavelength, on which travels approximately 32,000 voice or data transmissions. CIENA's DWDM technology divides the single wavelength into multiple colors, or channels, thereby multiplying the capacity of the fiber by the number of channels and enabling service providers to expand bandwidth without the expensive process of adding more fibers. Additional information about CIENA can be found on its World Wide Website: ciena.com. -0- bh/ny* rg CONTACT: Press Contact: Investor Contact: CIENA Corporation CIENA Corporation Denny Bilter Suzanne DuLong 800/921-1144 888/243-6223 or Email: ir@CIENA.com Sprint Charles Fleckenstein 913/534-2924



To: Glenn D. Rudolph who wrote (1731)3/16/1998 8:04:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 12623
 
LINTHICUM, MD. (March 16) BUSINESS WIRE -March 16, 1998--CIENA Corporation (Nasdaq: CIEN) today announced it will begin shipments of its next generation dense wavelength division multiplexing (DWDM) system for long-haul networks, the MultiWave(R) 4000. The MultiWave 4000 delivers the industry's first 40-channel DWDM system in commercial production and provides unprecedented scaleability with 50 Ghz channel spacing, another industry first. This allows the MultiWave 4000 to be upgraded from 40 to 96 channels on a channel-by-channel basis. This scaleability is made possible by a unique optical architecture, utilizing 50 Ghz channel spacing. CIENA's in-fiber Bragg gratings expertise enables precise channel spacing half that of currently deployed commercial DWDM systems. As a result, CIENA's MultiWave 4000 allows service providers to economically increase network bandwidth by up to 96 times current capacity - by adding wavelengths, or channels, as network traffic demands. In a separate announcement today, CIENA reached an agreement with Sprint Corporation to supply the MultiWave 4000, with deployment to begin next month. This follows successful factory acceptance testing of a fully populated, 40-channel, 100 Gb/s MultiWave 4000 DWDM system at Sprint's facilities in Burlingame, California. "The MultiWave 4000 demonstrates the true potential of CIENA's unique MultiWave Technologies(TM)," said Steve Alexander, CIENA's vice president and chief technology officer. "MultiWave Technologies are the keys to CIENA's ability to develop, manufacture and deliver real solutions for real world networks. The industry has talked about moving channel spacing from 100 Ghz to the narrower 50 Ghz spacing, but CIENA is the first to deliver it." "Increasing the number of channels in DWDM systems is only a part of the puzzle," states Steve Chaddick, CIENA's senior vice president of products and technologies. "Useful bandwidth has to be reliable and error free. Performance monitoring, robust network management, and standard, open optical interfaces are key enablers of the construction of optical networks with DWDM transport. MultiWave 4000 addresses all these needs and is a significant step in the evolution of broadband networks. DWDM networks are now a reality." The MultiWave 4000 includes several of CIENA's innovative MultiWave Technologies such as SmartSpan(TM) and WaveLock(TM). SmartSpan provides dynamic management of the optical layer including optical line amplifiers. It ensures reliability and performance by embedding software intelligence within each MultiWave component. WaveLock performs continuous frequency locking resulting in extremely high stability in all conditions, a critical capability as channel density increases. CIENA's MultiWave 4000 is ideally suited for service providers' long-haul, dense route applications that require scaleable capacity. The system's open architecture enables carriers to mix SONET/SDH, ATM and IP traffic on a common optical network while eliminating the intervening synchronous layer in evolving data-centric ATM and IP networks. Other features of the MultiWave 4000 include standard, inexpensive, short reach interfaces between the optical transport network and switching, routing or TDM platforms and the ability to scale in-service one channel at a time by simply adding channel modules to the span terminals. Optical add/drop multiplexers, Erbium doped fiber amplifiers (EDFA) and network management are also provided in the system. NOTE TO INVESTORS