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Ciena Corporation Message Board

  • Coopers_98 Coopers_98 Sep 24, 1998 1:06 AM Flag

    Lets face it, LU is junk......

    The only way they can get CIENA tech is by acquiring takeover...

    I know people that work there.... ALL IDIOTS.

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    • XXXXXXXXXX.XXXXXXXXXXXXX.XXXXXXXXX.XXXXXXXX

    • probably a paid poster hired to disrupt this board.

      THAT IS WHY YOU MUST EMAIL YAHOO AND THE SEC.

      • 2 Replies to gumballchewer
      • xxxxxxxxxxxxxxxx.xxxxxxxxx.xxxxxxx.xxxxxxxx.xxxxxxxxxxxxxxxxx

      • Thursday September 24, 12:41 am Eastern
        Time

        Cisco CEO distances himself from any
        Ciena
        purchase

        WASHINGTON, Sept 23 (Reuters) - Cisco Systems
        Inc.
        (Nasdaq:CSCO - news) Chief Executive Officer John
        Chambers
        distanced himself from rumors on Wednesday that his
        company
        may purchase Ciena Corp. (Nasdaq:CIEN - news),
        a
        telecommunications equipment supplier.

        Chambers told a small
        group of reporters that Ciena has ``a number of
        serious'' shortfalls, measured
        against criteria his
        company uses in deciding whether to acquire other
        companies.

        Chambers ticked off the criteria: A common vision,
        short-term wins for Cisco after the
        acquisition,
        long-term strategic importance, a similarity of chemistry
        and culture, and geographic
        proximity.

        Nonetheless, Chambers said he has admiration for the CEO of
        Ciena. Asked by a reporter, he
        rejected the notion
        that the rumors were floated merely to help increase
        the price of the stock.

        Shares of Ciena Corp.
        rose 26 percent on Tuesday as rumors circulated that
        it might be a takeover
        target and that Cisco
        might be a possible buyer.

        Cisco is a leader in
        the manufacture of computer network equipment used on
        the Internet.

        Chambers said that his company
        looks for companies that will help it achieve its goals
        as it moves
        into new areas. And he said what his
        company purchases is largely the expertise of engineers
        and
        others.

 
CIEN
16.16+0.61(+3.92%)Oct 21 4:00 PMEDT

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