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

To: El Diablo who wrote (3873)	9/29/1998 8:25:00 AM
From: John Antoniou	Respond to of 12623

Look at this other bit of news... CIENA Establishes Operation in China, Expands Presence in Asia LINTHICUM, Md.--(BUSINESS WIRE)--Sept. 29, 1998--CIENA Corporation (Nasdaq:CIEN - news) today announced that it has opened a sales office in Beijing, China. In addition, it was announced that Lin Chao will serve as the general manager for CIENA's China operation. ''China's telecommunications industry is in a period of rapid development,'' said Lin Chao. ''In 1996, over $44 billion of new contracts were awarded to build and upgrade the infrastructure of the networks in China. DWDM technology can play a role in this fast growing market and it's CIENA's goal to capture a portion of this business.'' As general manager of the China operation, Lin Chao's responsibilities will include sales, marketing and customer service for all of China. Chao has seventeen years of experience serving in various functions in both telecommunication carriers and manufacturing companies. ''Lin Chao's experience in the communications industry and his working knowledge of Asia markets will provide the leadership we believe is needed for CIENA to establish itself as one of Asia's premier vendors in the emerging next generation of broadband networks,'' said Gary Smith, vice president of CIENA's global sales organization. CIENA's recent activities in Asia include deployment of the first 16-channel DWDM system (MultiWave(R) 1600) in Teleway's network in 1996 and deployment of the first 40-channel DWDM system (MultiWave Sentry(TM) 4000) in Japan Telecom this year. CIENA also announced the addition of a third customer in Japan, DDI. CIENA Corporation will be demonstrating its MultiWave products in Booth No. 2434, at PT/Expo Comm China, which will be held Oct. 27-31, 1998, in Beijing, China. This tradeshow, sponsored by the Ministry of Posts and Telecommunications (MPT) and China Council for the Promotion of International Trade (CCPIT), is the largest telecommunications, information technology and wireless technology exhibition and conference in Asia. NOTE TO INVESTORS: Forward-looking statements in this release are 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 business, which include the risk factors disclosed in the company's Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on Sept. 14, 1998. ABOUT CIENA Based in Linthicum, Md., 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(R) Firefly 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.

To: El Diablo who wrote (3873)	9/29/1998 8:59:00 AM
From: Wayners	Read Replies (1) \| Respond to of 12623

That is a small contract amount. CIEN bid $14 3/8 ask $14 7/16 in pre-market at 8:58 a.m. EDT.