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

To: Michael F. Donadio who wrote (6545)	2/22/1999 12:02:00 PM
From: Doughboy	Read Replies (1) \| Respond to of 12623

More good news: The big Japanese contract that Nettles hinted at. $20 million, mostly booked in Q1, but with prospects for even more later this year (calling the project in its "first phase"). If the San Diego OFC convention yields some more good news and good feelings, Ciena is going to burst through $25. I don't know about you, but I'll nearing my break-even point on this investment. Doughboy. Crosswave Selects Ciena's DWDM Products for Japan's Newest Optical Network Infrastructure Business Wire - February 22, 1999 08:14 Japan's Newest Carrier Unveils Plans To Offer High-Speed Network Services CIENA Corporation (Nasdaq: CIEN) today announced that Tokyo-based Crosswave Communications Inc. has selected CIENA's MultiWave Sentry(TM) 4000 dense wavelength division multiplexing (DWDM) products for Crosswave's new optical networking infrastructure. CIENA has received orders for and shipped approximately $20 million worth of equipment and services for the first phase of the project a large portion of which was recognized as revenue during CIENA's first fiscal quarter. This is CIENA's fifth, and one of its largest, announced customers in Japan. Crosswave Communications, formed by Internet Initiative Japan (IIJ), the largest Japanese Internet Service Provider (ISP), in partnership with Toyota Motor Corporation and Sony Corporation, has begun construction of a nationwide optical network. Crosswave's network is designed to have 100 Gbps capacity at the beginning and offer up to 600 Mbps service, the fastest in Japan. This new platform frees customers from bandwidth and distance limitations found in other network architectures. Services will begin in April in the Tokyo, Nagoya, Osaka and Hokuriku area, and will reach all of Japan by March, 2000. "We chose CIENA's MultiWave Sentry because it is a proven, high-capacity system that could meet our aggressive deployment schedule," said Koichi Suzuki, president and chief executive officer of Crosswave Communications. "CIENA's products provide Crosswave with bandwidth on demand to rapidly grow our network and the open architecture provides us the flexibility to offer a variety of data services directly over DWDM." "Crosswave's decision to use our DWDM technology as well as the acceptance of an open-architecture further validates CIENA's vision of optical networking," said Gary Smith, CIENA's senior vice president of worldwide sales. "New competitive carriers, such as Crosswave, understand the economics of building a simplified network focused on the high-growth market of Internet and data services." In the past six months, CIENA has focused its efforts on expanding its international customer base specifically targeting competitive carriers. As a result of the growth in Internet/data worldwide, CIENA's international business now accounts for over 40 percent of the revenue. ABOUT CIENA Based in Linthicum, Maryland, CIENA Corporation is a market leader of open architecture, optical networking systems that form the core of telecommunications networks worldwide. CIENA's networking solutions utilize bandwidth expanding dense wavelength division multiplexing (DWDM) technology and 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 CIENA Services subsidiary, 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. Additional information about CIENA can be found on its World Wide Website: ciena.com. About Crosswave Communications Inc. Crosswave Communications Inc. was founded on October 28, 1998, by Internet Initiative Japan Inc. (IIJ), Sony Corporation and Toyota Motor Corporation. In response to the growing demand for data communications, Crosswave has already started to construct data-dedicated optical network infrastructure with application of DWDM, SONET and IP. Service tariff is planned to be announced at the end of March and the launch of service is scheduled in April. Further information is available at www.cwc.co.jp. 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, and 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 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on February 18, 1999 CONTACT: CIENA Corporation, Linthicum Press Contacts: Denny Bilter CIENA Corporation (800) 921-1144 email: dbilter@ciena.com or Mr Junko Higasa Crosswave Communications Inc. Phone: 81-3-5259-6300 E-Mail: press@cwc.co.jp or Investor Contact: Suzanne DuLong CIENA Corporation (888) 243-6223 email: ir@CIENA.com