CIENA to Join Nasdaq-100 Index Beginning August 4, 1999.LINTHICUM, Md.--(BUSINESS WIRE)--July 29, 1999-- CIENA 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) ) today announced that it will become a component of the Nasdaq-100 Index effective the beginning of trading on Wednesday, August 4, 1999. In addition, shares of CIENA will be included in the Nasdaq-100 Index Shares(SM) (Amex: QQQ QQQ The Nasdaq-100 Index Tracking Stock. This is a tracking stock which trades like an index mutual fund which follows the Nasdaq 100 index. It trades continuously. QQQ ), the Nasdaq-100 Index Tracking Stock(SM), which are securities that represent ownership in the Nasdaq-100 Trust. The Trust holds a portfolio of equity securities that comprise the Nasdaq-100 Index and aims to provide investment results that generally correspond with its performance. CIENA replaces Quantum Corporation, which is delisting from The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R). With a market capitalization of approximately $4.6 billion, CIENA's market-leading intelligent optical networking systems form the core for the new era of telecommunications networks. CIENA's LightWorks(TM) architecture changes the fundamental economics of service provider networks by simplifying the network and reducing the cost to operate it. The Nasdaq-100 Index includes 100 of the largest non-financial domestic companies listed on the Nasdaq National Market tier of The Nasdaq Stock Market, Inc. The Index reflects Nasdaq's largest growth companies across major industry groups. The Nasdaq-100 Index was launched in January 1985 and rose more than 80 percent in 1998, although past performance is not necessarily indicative of future performance and Index performance does not represent the performance of Nasdaq-100 Shares. The Nasdaq-Amex Market Group(SM), which operates The Nasdaq Stock Market and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (R) (Amex(R)), is a subsidiary of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). (R)), the largest securities-industry, self-regulatory organization in the United States. About CIENA Additional information about CIENA can be found on its worldwide Web site at http://www.ciena.com About Nasdaq-Amex Market Group For more information about The Nasdaq-Amex Market Group, visit its Web site at http://www.nasdaq-amex.com or the Nasdaq-Amex Newsroom(SM) at http://www.nasdaq-amexnews.com. |
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