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

To: JimieA who wrote (7207)	6/3/1999 1:45:00 PM
From: W Sheffield	Read Replies (1) \| Respond to of 12623

Here is one of the posts: CIENA Announces Plans for Next Generation MultiWave CoreStream -TM- DWDM Optical Transport System; Platform Will Enable 2 Terabits of Capacity Business Wire - June 03, 1999 12:28 LINTHICUM, Md.--(BUSINESS WIRE)--June 3, 1999--CIENA Corporation (Nasdaq: CIEN)today announced MultiWave CoreStream(TM), a next generation of dense wavelength division multiplexing (DWDM) optical transport systems that will enable carriers to expand to up to 2 terabits of transport capacity. CoreStream is designed for use in high capacity long-haul applications and is part of CIENA's new LightWorks(TM) architecture for building intelligent optical networks. "CIENA CoreStream's scalable platform enables carriers to economically address today's bandwidth challenges while confidently building in network scalability to address future bandwidth requirements," said Patrick Nettles, chief executive officer and president at CIENA Corporation. Incorporating CIENA's field proven optical technologies and scalable system architecture, CoreStream lays the foundation for the next generation of intelligent optical networks. "CoreStream moves DWDM and optical transport beyond ultimate channel count comparisons to what carriers truly care about - forward-looking network scalability and protection of invested capital," said Steve Alexander, CIENA's chief technology officer. "Since we brought our first MultiWave system to market, we focused on giving carriers access to immediate bandwidth with the peace of mind that the equipment they install today will allow them to grow that bandwidth without major network reconstruction or "sunk" capital costs going forward. CoreStream extends CIENA's scalability philosophy to the 2 terabit per second range." In a separate announcement today, CIENA introduced its new LightWorks architecture which lays out a roadmap for carriers as they transition from legacy voice networks to data driven optical networks. CIENA has been at the forefront of this network evolution pioneering scalable DWDM systems worldwide as well as being the first vendor to deploy technology to allow carriers to connect ATM/IP products directly to the optical layer without intervening SONET equipment. MultiWave CoreStream's open architecture incorporates CIENA's DirectConnect(TM) technology enabling carriers to transparently transport all types of network traffic - voice, video and/or data. Customers will ultimately be able to transport up to two terabits of legacy voice traffic originating from any vendor's SONET/SDH equipment. Carriers can also dramatically simplify their network architectures and reduce capital and operating costs by transporting ATM or IP traffic directly via CIENA's MultiWave equipment. CoreStream's modular architecture enables incremental capacity upgrades all the way up to 2 terabits/second over a single fiber pair. Each channel can be any mix of OC-12/STM-4, OC-48/STM-16 or OC-192/STM-64 optical interfaces. "The problem our customers face is trying to gauge when their needs for one or two terabit capacity systems will mature. The advantage of the CoreStream platform is that customers who have deployed CIENA's MultiWave Sentry products will be able to protect that investment at whatever pace their need for capacity grows," concluded CIENA's Steve Alexander. CoreStream offers carrier-class reliability through enhanced network management with CIENA's WaveWatcher(R) enabling network operators to maintain and monitor all of their CoreStream elements from a single console. In addition, CIENA's SmartSpan(TM) software automates system operations and ensures reliability and performance by embedding software intelligence within each CoreStream element. Optical channels can be added without service disruption. Each optical channel has intelligent digital performance monitoring which helps a carrier meet service level agreements and troubleshoot network problems. CIENA's CoreStream features a new generation of broadband optical amplifiers enabling flexible bandwidth commissioning and long-distance span designs. It also offers an optical add/drop multiplexer enabling the customer to access up to 8 channels in the middle of DWDM spans. The initial release of the MultiWave CoreStream will be capable of 480 Gb/s of transport capacity and is expected to be commercially available in September, 1999. Release two will expand the transport capacity up to 2 terabits and is expected to be available in mid 2000. See MultiWave CoreStream at SUPERCOMM CIENA's MultiWave CoreStream product as well as the new LightWorks architecture will be demonstrated at the SUPERCOMM '99 tradeshow at booth #7739 in the Georgia World Congress Center, Atlanta, Georgia, from June 7-10, 1999. ABOUT CIENA CIENA Corporation's market leading optical networking systems form the core of telecommunications networks worldwide. CIENA's LightWorks(TM) architecture changes the fundamental economics of service provider networks by simplifying the network architecture and reducing the cost to operate it. CIENA's networking solutions utilize bandwidth expanding dense wavelength division multiplexing (DWDM) technology and include the MultiWave(R) family of products for long-haul, short-haul and metropolitan applications. CIENA's CoreDirector(TM), an intelligent optical core switch, delivers dynamic provisioning, grooming, flexible capacity management and survivability. 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 and its LightWorks architecture can be found on its worldwide Website: ciena.com. 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 in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include difficulty in anticipating core demand for bandwidth as well as other risk factors disclosed in the Company's Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on December 9, 1998, as updated and restated into "plain English" format in a Form 8K filed April 5, 1999, and as further updated by the Company's Quarterly Report on Form 10-Q as filed with the Commission on May 21, 1999.