…Akara Corporation. A Delaware corporation with development facilities in Ottawa, Ontario, with approximately 50 employees, Akara is an emerging leader in the growing market of SONET/SDH-based extended storage area networking (SAN), or storage-over-distance solutions for enterprises and carriers. Akara…

…quarterly cash burn and improve our already strong balance sheet,” concluded Smith. Separately today, Ciena announced its intent to acquire Akara Corporation, signaling its entrée into the growing market for SONET/SDH-based extended storage area networking (SAN) solutions. Ciena expects…

…Catena Networks February 19, 2004 May 3, 2004 $313.5 million 2 Kanata, Ontario, Canada and Research Triangle Park, NC Broadband access solutions. Akara August 21, 2003 September 3, 2003 Approximately $46.2 million2 Kanata, Ontario, Canada Storage over SONET for longer-distance applications of enterprise…

…for the period to $0.38 per share. Fourth Quarter 2003 Performance Highlights * Recognized revenue from 99 customers. * Completed the acquisition of Akara Corporation, recognizing initial revenue from Akara?s CN platform in the quarter and adding 16 new CN customers. * Added six additional (non CN) first…

…unrelated to normal operations arising from acquisitions of intangible assets, principally developed technology acquired in the Cyras, ONI, WaveSmith and Akara acquisitions which Ciena is required to amortize over its expected useful life. * Restructuring costs - non-recurring charges, unrelated to normal operations…

…unrelated to normal operations arising from acquisitions of intangible assets, principally developed technology acquired in the Cyras, ONI, WaveSmith, and Akara acquisitions, which Ciena is required to amortize over its expected useful life. * Accelerated amortization of leasehold improvements - a non-cash expense…