CIENA Explains SEC Filings.LINTHICUM, Md.--(BUSINESS WIRE)--April 6, 1999- Since April 1, 1999, CIENA Corporation Ciena Corporation NASDAQ: CIEN develops and markets communications network platforms and software, and offers professional services. The Company's broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CIEN CIEN Ciena Corporation (stock symbol) ) has made several filings with the Securities and Exchange Commission (SEC) as outlined below: Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on April 1, 1999: This 8-K filing restates the historic financials of CIENA to incorporate its acquisition of Lightera Networks completed on March 31, 1999. Form 8-K/A filed on April 5, 1999: This filing includes a cash flow statement not included in the original restatement of financials filed on April 1, 1999. Form 8-K filed on April 5, 1999: This 8-K filing updates the risk factors from CIENA's 10-Q filed on February 18, 1999 to incorporate the acquisition of Lightera Networks and the planned acquisition of Omnia Communications. This filing was made to state the risk factors in the new "plain English Plain English (sometimes known, more broadly, as plain language) is a communication style that focuses on considering the audience's needs when writing. It recommends avoiding unnecessary words and avoiding jargon, technical terms, and long and ambiguous sentences. " format required by the SEC so that they could be incorporated by reference into the S-4 filing expected shortly for CIENA's acquisition of Omnia Communications. Form 10-K/A filed on April 5, 1999: This filing merely finalizes the exhibits accompanying CIENA's 10K filed December 10, 1998. The SEC and CIENA have had on going discussions about which of the specific details of CIENA's existing agreement with a significant customer were required to be made public. This filing represents the results of those discussions and does not represent any change to CIENA's current and previously announced relationship with the customer. About CIENA Based in Linthicum, Maryland Linthicum is a census-designated place (CDP) and an unincorporated community in Anne Arundel County, Maryland, United States. The population was 7,539 at the 2000 census. It is the approximate location of Baltimore-Washington International Thurgood Marshall Airport (BWI). , 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 See WDM. (DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ) 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 and its Lightworks Initiative can be found on its worldwide Website: http://www.ciena.com. |
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