CIENA Opens China Representative Office in Beijing; Move is next step in Company's ongoing strategic focus on mainland China.Business Editors/High-Tech Writers HONG KONG--(BUSINESS WIRE)--Dec. 4, 2002 CIENA(R) Corporation (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) ), a leading provider of intelligent optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. systems and software, today announced the opening of its mainland China representative office in Beijing. Mike Holmes Mike Holmes (b. 1963) is a Canadian professional contractor best known for his television show Holmes on Homes where he rescues homeowners from renovations gone wrong. Background Holmes apprenticed under his father. Holmes first started doing construction work (e. , vice president and general manager, China, will head the office, which is presently staffed with sales, systems engineers and program management employees. "The opening of a Beijing representative office is a significant step on our strategic roadmap in mainland China," said Gary Smith Gary Smith may refer to:
up·take n. of next-generation optical networking infrastructure. We recognize the need for the highest level of flexibility and responsiveness in meeting the demands of our customers in China, and are confident that having a mainland operation will provide the ground level support we need to best respond to emerging opportunities." The announcement comes two years after the launch of the Company's Asia Pacific headquarters in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Since then, CIENA has developed a joint venture with CEC-IDN in Beijing. The two companies will continue to work together on the mainland market both to serve existing clients and to grow the business. CIENA and CEC-IDN also jointly launched a research and development center in Shanghai earlier this year. In addition to the Beijing office, CIENA currently has Asian offices in Hong Kong, Singapore, Korea and Japan. Holmes is a twelve-year veteran of the telecommunications and data networking industry. Prior to joining CIENA and taking up this post, he was with ONI ONI abbr. Office of Naval Intelligence Noun 1. ONI - the military intelligence agency that provides for the intelligence and counterintelligence and investigative and security requirements of the United States Navy Systems, responsible for network rollout for Qwest across Europe and Asia. He has also worked with major telecommunications equipment providers such as 3Com and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. . "I am delighted to lead CIENA's representative office in China," said Holmes. "Our primary focus is to respond to the unique needs of the mainland market in the best possible manner, with a speedy response time and high flexibility. We are confident that our offices here will allow us to have a finger on the pulse of the mainland China market, and work even better with our partner, CEC-IDN." The opening of the Beijing representative office is a further example of CIENA's commitment to Asia, and the Company's focus on ongoing strategic investment in its business. "We've seen solid progress since the launch of our Asia Pacific headquarters," said Smith. "As we continue to navigate through this difficult period, we consider it critical to our future to continue to invest in Asia, and in our business overall." ABOUT CIENA CIENA Corporation's market-leading optical networking systems form the core for the new era of networks and services worldwide. CIENA's LightWorks architecture enables next-generation optical services and changes the fundamental economics of service-provider networks by simplifying the network and reducing the cost to operate it. Additional information about CIENA can be found at www.ciena.com. NOTE TO INVESTORS This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on current expectations, forecasts and assumptions of CIENA (the Company) that involve risks and uncertainties. Forward-looking statements in this release, including but not limited to CIENA's business in China and the Company's relationship with CEC-IDN, 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 the risk factors disclosed in the Company's Report on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission on August 22, 2002. Forward looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. |
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