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

To: joe who wrote (2014)	4/20/1998 12:52:00 PM
From: joe	Respond to of 12623

This is from Briefing.com Joe --------------------------------------------------------------- CIENA CORP. (CIEN) 48 1/8 +2 1/2. Shares of dense wavelength division multiplexing (DWDM) systems provider for long-distance and local exchange carriers are getting a boost from an agreement signed with Cisco Systems (CSCO 72 1/2 +2 1/16) to develop and deploy next-generation optical internetworks. The development and deployment of this new technology would allow both companies to eliminate the need for additional intermediate network elements, such as SONET terminal multiplexers, making it more costs effective for service providers. According to the press release, "the rapid growth of data traffic is forcing service providers to reevaluate the way they build their transmission infrastructures," and both Cisco and CIENA feel that their approach will enable service providers to "build data-optimized infrastructures with capacity costs significantly less than traditional time-division multiplexing( TDM) infrastructures." To be sure, this development agreement comes at a good time for CIENA as the company has been attracting more competitive interest from outside sources like Lucent Technologies (LU 70 13/16 +1 7/16), which has made it clear that it plans to gain a piece of the wavelength division multiplexing market. In recent session, the stock has been under pressure precisely because of this threat, although the stock took a major hit right after the company warned late February that fiscal Q2 results would miss the mark due to a delay in orders from WorldCom (WCOM 43 7/8 -7/16). Since, then it has tried many times, but has been unable to return to the $60 mark that it traded around prior to its earnings warning. Possibly today's announcement could set the tone for the stock to break pass the $50 mark in future trading sessions. ---------------------------------------------------------------------