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

To: Carmine Cammarosano who wrote (1867)	4/2/1998 8:21:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 12623

Qwest Communications Lights Network From Phoenix to Austin; Additional Segment Increases Activated Network by 30 percent Business Wire - April 02, 1998 07:48 %QWEST-COMMUNICATIONS QWST %COLORADO %TEXAS %ARIZONA %CALIFORNIA %OHIO %COMED %COMPUTERS %ELECTRONICS %TELECOMMUNICATIONS %INTERACTIVE %MULTIMEDIA %INTERNET %PRODUCT V%BW P%BW DENVER--(BUSINESS WIRE)--April 2, 1998--Qwest (NASDAQ:QWST), a multimedia communications company building the world's most advanced fiber optic network, today announced the activation of the network segment from Phoenix to Austin. This activation will add more than 1,100 route miles, bringing the total to approximately 4,850 route miles and 232,800 fiber miles in service. The network now includes routes from California to Ohio, Dallas to Houston and major portions of the Southwestern United States. "We are proud to announce the activation of our network across the Southwest portion of the United States, and we anticipate additional key segments coming online by the end of April," said Larry Seese, executive vice president of network engineering and operations at Qwest. "Today's lighting brings us one more step closer to our goal of completing the Qwest Macro Capacity(SM) Fiber Network." The Qwest Macro Capacity Fiber Network Qwest's planned domestic 16,285 mile network will serve over 125 cities, which represent approximately 80 percent of the data and voice traffic originating in the United States, upon its scheduled completion in the second quarter of 1999. Currently, more than 4,850 miles are activated from California to Ohio, from Dallas to Houston and from Phoenix to Austin, Texas. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late third quarter 1998. The Qwest Macro Capacity Fiber network is designed with a highly reliable and secure bi-directional, line switching OC-192 SONET ring architecture. Upon completion, the network will offer a self-healing system that provides the ultimate security and reliability by allowing instantaneous rerouting in the event of a fiber cut. About Qwest Qwest Communications International Inc. (NASDAQ:QWST) is a multimedia communications company building a high-capacity, fiber optic network for the 21st century. With its cutting-edge technology, Qwest will deliver high-quality data, video and voice connectivity securely and reliably to businesses, consumers and other communications service providers. Further information is available at www.qwest.net. This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the SEC, specifically the most recent reports on Form 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to complete the network on schedule, volatility of stock price, financial risk management and future growth subject to risks. Note to Editors: The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries. CONTACT: Qwest Communications Diane Reberger, 303/291-1662 (Corporate Contact) dreberge@qwest.net qwest.net Lee Wolfe, 800/567-7296 (Investor Contact) lwolfe@qwest.net qwest.net or Alexander Communications (Media Contact) Erin McKelvey, 303/615-5070 x108 emckelvey@alexandercom.com alexander-pr.com

To: Carmine Cammarosano who wrote (1867)	4/2/1998 12:35:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 12623

does Ciena have a future against the likes of LU? I asked the very same question when both were trading in the 50s. Ciena seemed awfully expensive to me then for the distinction of being the only pure-play DWDM provider. As I researched the matter, I became convinced that LU was the better DWDM play because of the pioneering role they had in inventing the technology, their huge R&D budget (important in a new technology like DWDM), the capabilities of Bell Laboratories well-respected as the #1 telecom lab in the world, and the natural proclivity of purchasing managers to go with what are perceived to be industry leaders (LU) when making these multi-million dollar decisions . Nobody was ever fired for buying a Lucent system. Additionally, on a price/sales basis, Lucent was (and still is) selling at a substantial discount to CIEN. The concensus was that LU was too boring. Most people would seemingly prefer the excitement of betting on a long-shot racehorse than patiently researching an investment. Investing is a marathon, my friends, not a day at the racetrack. SC