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

To: Dorine Essey who wrote (4451)	10/20/1998 10:13:00 AM
From: E_K_S	Respond to of 12623

CIENA Corporation Of Delaware Files SEC FORM 8K WASHINGTON, DC, Oct. 19, 1998 (States via COMTEX) -- ITEM 5: On October 14, 1998, CIENA amended its Shareholder RightsAgreement, as amended, to eliminate those provisions that require that certain actions may only be taken by "Continuing Directors." This Third Amendment to the Rights Plan was made in response to the Delaware Court of Chancery's recent decision in Carmody v. Toll Brothers, Inc. In the view of the CIENA Board of Directors, based on advice of counsel, the Toll Brothers, Inc. decision has cast doubt on the legality under Delaware law of so-called "dead-hand" provisions in many existing shareholder rights plans. ITEM 7: Exhibit 99.1 -- Form of Third Amendment to Rights Agreement FILING DATE: 10/19/98 REPORT DATE: 10/14/98 RECEIPT DATE: 10/19/98 -0- Copyright States News Service, all rights reserved