(Source: Business Wire)
Ciena® Corporation (NASDAQ: CIEN), the network specialist, today
confirmed that it is in advanced discussions to acquire substantially
all of the optical networking and carrier Ethernet assets of Nortel's
Metro Ethernet Networks (MEN) business. The outcome of these discussions
is uncertain and subject to negotiation of definitive agreements. Any
agreements would be subject to a competitive bidding process under the
United StatesBankruptcy Code and the Canadian Companies' Creditors
Arrangement Act.
About Ciena
Ciena specializes in practical network transition. We offer leading
network infrastructure solutions, intelligent software and a
comprehensive services practice to help our customers use their networks
to fundamentally change the way they compete. With a global presence,
Ciena leverages its heritage of practical innovation to deliver maximum
performance and economic value in communications networks worldwide. We
routinely post recent news, financial results and other important
announcements and information about Ciena on our website. For more
information, visit www.ciena.com.
Note to Investors
Forward-looking statements. This press release contains
certain forward-looking statements based on current expectations,
forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements include statements regarding Ciena'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. These statements are based on
information available to Ciena as of the date hereof and actual results
could differ materially from those stated or implied. These statements
are subject to risks and uncertainties associated with Ciena's business,
which include the risk factors disclosed in Ciena's Form 10-Q filed with
the SEC on September 3, 2009. Risks relating to the proposed transaction
include, but are not limited to, there can be no assurance that
definitive purchase agreements can be reached. Ciena 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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