…network solutions, today announced the execution of a definitive agreement to acquire privately held Catena Networks, Inc. With offices in Ottawa, Ontario and Research Triangle Park, N.C., Catena is a leader in the broadband access market. “The combined companies will have a very attractive solutions…

…SUPERCOMM in Chicago, June 22-24, 2004. The newest product in Ciena’s family of broadband access solutions, gained through the acquisition of Catena Networks, the CNX-100 provides 96 configurable subscriber ports in a single low-profile shelf, providing a DSL overlay solution or an integrated POTS+DSL…

…network solutions, today announced the completion of its acquisitions of Catena Networks, Inc. and Internet Photonics, Inc. pursuant to the terms of merger agreements announced on February 19, 2004. “The addition of Catena and Internet Photonics accelerates Ciena’s expansion beyond optical…

…February 19, 2004 May 3, 2004 $99.5 million 2 Marlborough, MA and Shrewsbury, NJ Carrier-grade optical Ethernet transport and switching solutions. 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…

…for the period to $0.25 per share. Third Quarter 2004 Highlights * Successfully completed the acquisitions and the operational integration of both Catena Networks and Internet Photonics. * Improved gross margin from 11.0% in the fiscal second quarter to 24.9% in the third quarter. * Delivered lower-than…

…served as financial advisor to Internet Photonics. Live Conference Call/Web Broadcast Separately today, Ciena also announced its intent to acquire Catena Networks, Inc., as well as results for its fiscal first quarter. In conjunction with these announcements, Ciena will host a discussion with investors…

…our business in both the immediate and longer-term,” said Gary Smith, Ciena’s president and CEO. “First, with the acquisitions of Catena Networks and Internet Photonics, we have added products to help build Ciena into a leading provider of service-delivery solutions. Second, we initiated…

…planned acquisitions of both Catena Networks, Inc. and Internet Photonics, Inc. Both transactions remain subject to various conditions and approval by other appropriate government agencies.  In addition, the Catena acquisition requires approval by the stockholders of Catena. Ciena continues to expect…

…Catena Networks, Inc. and Internet Photonics, Inc. Catena is a leader in the emerging broadband access market. Internet Photonics is a leading provider of optical Ethernet transport and switching solutions. Please see the news releases titled "Ciena Announces Execution of Agreement to Acquire Catena…

…Today’s announced reductions and associated restructuring charges are unrelated to and will not affect Ciena’s planned acquisitions of Catena Networks, Inc. and Internet Photonics, Inc., both of which are expected to close by the end of Ciena’s third fiscal quarter.