CIENA

Ciena Snaps Up Nortel's Optical And Ethernet Assets

eWEEKeurope (Free subscription) | yesterday

Ciena has won an auction to acquire the optical networking and carrier ethernet businesses of former communications giant…

Ciena Wins Nortel Unit

DealBook (Free subscription) | 8 hours ago

Ciena agreed to buy the optical networking and ethernet equipment businesses of bankrupt Nortel Networks for $769 million after trumping a bid from Nokia Siemens Networks.

• UPDATE 2-Ciena beats NSN to buy Nortel ops for $769 mln - Reuters UK
• Ciena Confirms It Won Nortel Auction; Holders Not Happy - Tech Trader Daily
• See the 5 articles on the same subject

Ciena to pay £462M for Nortel's metro Ethernet arm

Computerworld UK (Free subscription) | yesterday

Ciena will pay £462 million ($769 million) for the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business.

• Ciena will pay $769M for Nortel's metro Ethernet business - The Industry Standard
• Ciena will pay $769M for Nortel's metro Ethernet business - Computer World

Ottawa Nortel jobs safe with Ciena

CBC.ca (Free subscription) | 16 hours ago

At least 1,000 Nortel employees in Ottawa are expected to receive job offers from the company that successfully bid for Nortel's optical networking and carrier ethernet businesses.

Ciena selected as successful bidder in auction of Nortel's optical networking and carrier assets - Nortel’s Metro Ethernet Networks (MEN) business

Tech Startups 3.0 (Free subscription) | 11 hours ago

Ciena snapped up Nortel's optical networking and carrier Ethernet business for $768 million in cash and convertible notes. Gary Smith, Ciena CEO, discusses the pluses and minuses of the deal. “These optical and carrier Ethernet assets bring exceptional technologies, talent and scale that will accelerate Ciena’s current strategy to deliver innovative network solutions to customers worldwide,”...

Ciena to buy Nortel assets, double in size

Baltimore Sun (Free subscription) | 13 hours ago

Purchase of Nortel assets will make it North America's largest fiber-optic networking gear provider In an acquisition that will double its size, Ciena Corp. said Monday that it will buy the optical-networking assets of Nortel Networks Corp. for $769 million.

Cramer’s Lightning Round: Buy CIENA Corp

Madd Money (Free subscription) | 15 hours ago

Bullish Verizon Communications (VZ), AT&T Inc. (T), Sanofi-Aventis SA (ADR)(NYSE:SNY) and CIENA Corp. (CIEN). Bearish Vimpel Communications (ADR)(NYSE:VIP) and Novartis AG (NVS). Join the fastest growing community of small cap investors at Stockhideout.com

'Mad Money Lightning Round': Ciena's a Bargain

The Street (Free subscription) | 17 hours ago

Cramer says the stock is ridiculously cheap.

Brightpoint Jumps, but Ciena Tumbles 8.9%

Law Blog - WSJ.com (Free subscription) | 17 hours ago

Small-capitalization stocks rose in a broad rally, snapping a four-day losing streak. Logistics provider Brightpoint gained, while telecom stock Ciena bucked the trend and fell.

IDG: Ciena Buys Nortel Unit

Business Week (Free subscription) | 8 hours ago

Infonetics expects carrier Ethernet equipment to grow to $34 billion by 2013, compared to $17 billion in 2008. That's a big cake, but many companies want a piece of it. Ciena will have to compete with the likes of Alcatel-Lucent, Cisco Systems, Ericsson-Redback, Extreme Networks and Huawei, according to Infonetics.

Ciena trumps NSN to buy Nortel ops for $769 mln -sources

Reuters UK (Free subscription) | yesterday

* To pay $769 million; 530 mln cash, $239 mln notes -sources

Ciena paying $769 mln for Nortel assets: report

Market Watch (Free subscription) | yesterday

LONDON (MarketWatch) -- Ciena will pay $530 million in cash and $239 million in convertible notes for Nortel's optical networking and carrier ethernet business, Reuters reported, citing unnamed sources. Nokia Siemens Networks had already said it lost out on the Nortel assets. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information...

• Ciena Said to Win Nortel Unit for $769 Million - DealBook
• Ciena wins auction for some Nortel assets: sources - Reuters
• See the 4 articles on the same subject

Nortel Asset Buy Doesn't Win Ciena Any Friends

SeekingAlpha.com (Free subscription) | yesterday

Market Blog submits: By David Parkinson I can't help but wonder what's safer: Shaking hands on a deal involving Nortel Networks ( NRTLQ.PK ), or shaking hands with an H1N1 patient who just sneezed into his palm? Complete Story »

Ciena buys Nortel metro Ethernet, optical units

The Industry Standard (Free subscription) | yesterday

Nortel Networks Corp. has agreed to sell its metropolitan Ethernet and optical networking units to Ciena Corp. for $769 million, $248 million more than its initial offer announced Oct. 7. Ciena plans to offer jobs to at least 2,000 Nortel employees, about 1,400 of whom would be based in Canada. Nortel has 2,300 employees in those units, said James Frodsham, Ciena's senior vice-president of corporate...

Nortel Selects Ciena as Successful Bidder for Optical Networking and Carrier Ethernet Businesses

Nortel News Releases (Free subscription) | yesterday

Nortel has concluded a successful auction of substantially all of the assets of Nortel's global Optical Networking and Carrier Ethernet businesses.

• Ciena Wins Auction for Nortel's Networking Businesses - cellular-news