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

To: Edward Ip who wrote (4138)	10/7/1998 11:12:00 PM
From: Pierre Aydin	Read Replies (1) \| Respond to of 12623

Just some info from the 10K, It seems to me the company is not going out of business anytime soon, wall street seems to think so, I hope we seen the bottom today. In March 1998 the Company announced an agreement to supply Bell Atlantic with DWDM optical transmission systems. The supply agreement has no minimum purchase commitments and includes the Company's 1600, Sentry and Firefly systems. Deployment and revenue recognition is expected in the second half of calendar 1998, subject to successful completion of ongoing testing. The Bell Atlantic DWDM deployment is expected to mark the first time a regional Bell operating company ("RBOC") has committed to deployment of DWDM equipment. See "Risk Factors". In June 1998 the Company announced an agreement to supply Sentry and Firefly DWDM systems to Racal Telecom, one of Europe's leading providers of managed network services. Deployment began in June 1998 with revenue recognition expected in the second half of calendar 1998, subject to successful completion of field testing. In June 1998 the Company also announced that it had signed, jointly with CS telecom France, a five year contract with Telecom Development ("TD") of France to supply Sentry and Firefly DWDM systems for immediate deployment. Deployment began in June 1998 for the first route supporting TD's Paris to Lyon link with revenue recognition expected in the second half of calendar 1998, subject to successful completion of installation and field testing. See "Risk Factors". In June 1998 at the SUPERCOMM trade show in Atlanta, Georgia, the Company demonstrated its' Multiwave Metro(TM) ("Metro") DWDM system for metropolitan and local access applications. Metro enables carriers to offer multi-protocol high-bandwidth services economically using their existing network infrastructure. The Metro product is expected to be commercially available by the first quarter of calendar 1999. The Company also demonstrated at the SUPERCOM trade show a 96 channel DWDM system. The 96 channel DWDM system is expected to be commercially available during the first half of calendar 1999. See "Risk Factors".