Ciena
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Latest blogosphere posts tagged “Ciena”
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Nokia Siemens realigns focus on marketshare
Telecom Industry News —
Authority: 144
Following sweeping changes to the companys organizational structure, Nokia Siemens Networks new president Rajiv Suri believes the focus of the company should be on upping its marketshare. "In early 2008 we made a strategic decision to focus more on cash flow and profitability than on marketshare. Now its time to give ...1 day ago -
Insolvent Nortel Selling Its GSM/GSM-R Business
The VoIP Mag —
Authority: 125
Bankrupt Nortel Networks is selling off another piece of its business, this time its GSM/GSM-R unit to Telefon AB and Kapsch CarrierCom. The announcement comes days after Nortel sold its optical networking and carrier Ethernet businesses to Ciena See the rest here: Insolvent Nortel Selling Its GSM/GSM-R Business6 days ago -
($NOK) Nokia-Siemens Suffers Setbacks
Stock Blog Hub —
Authority: 165
Nokia Siemens Network, the 50-50 joint venture between Nokia Corp. ( NOK ) and Siemens AG ( SI ) continues to suffer setbacks one after one. Severe economic recession has forced the telecom carriers to significantly reduce their capital expenditures and network upgrade plans throughout the world. This situation ...6 days ago -
Ciena Corporation Wins Bid For Nortel’s Optical Networking, Carrier Ethernet Businesses
The Inquisitr Entertainment —
Authority: 732
Toronto, Ontario (AHN) – Ciena Corporation was declared on Monday as the winning bidder for Nortel Network’s optical networking and carrier Ethernet businesses. Ciena’s winning bid was $530 million cash, plus $239 million principal amount of convertible notes due June 2017. Aside from the buy-out, a minimum of ...6 days ago -
Analyst upgrades, downgrades and initiations: BLK, CIEN, PCLN, PRU, RS, TIF, UNP ...
BloggingStocks —
Authority: 655
Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Wells Fargo upgraded Prudential ( PRU ) to outperform from market perform. The firm thinks the company is in a better position than its peers and will be able to more effectively exploit M&A ...1 week ago -
Ciena Wins Nortel Unit
DealBook —
Authority: 757
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.1 week ago -
Ciena selected as successful bidder in auction of Nortels optical networking and carrier assets - Nortel’s Metro Ethernet Networks (MEN) business
Tech Startups 3.0 —
Authority: 128
Ciena snapped up Nortels 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 ...1 week ago -
Ciena to buy Nortel unit in $769 million deal
The Washington Post —
Authority: 958
Linthicum-based Ciena announced Monday that it has won a bid to buy a major piece of bankrupt Canadian tech firm Nortel Networks.1 week ago -
Analyst upgrades, downgrades and initiations: ANN, AXP, CIEN, DE, RA, SBUX, ZION ...
BloggingStocks —
Authority: 655
Filed under: Analyst reports , Analyst upgrades and downgrades , Starbucks (SBUX) , American Express (AXP) , Ciena Corp (CIEN) , Analyst initiations , Deere and Co (DE) Analyst upgrades: Jefferies upgraded Starbucks ( SBUX ) to buy from hold, citing EPS and revenue momentum heading into 2010. The firm ...1 week ago -
(CIEN) Ciena Corporation Wins Bid for Nortel’s Assets
Stock Blog Hub —
Authority: 165
The telecommunications network specialist Ciena Corporation ( CIEN ) has been selected as the successful bidder for Nortel Network Corp.’s ( NT ) optical networking and carrier ethernet business for a total consideration of $769 million. Ciena will pay $530 million in cash and $239 million in convertible notes ...1 week ago -
Ciena Gets Nortel’s MEN; NSN Faces Uncertainty
Twilight in the Valley of the Nerds —
Authority: 432
Now that Ciena has claimed Nortel’s Metropolitan Ethernet Networks (MEN) business assets, which include optical- and Ethernet-networking products and technologies, questions linger about what exactly transpired and what happens next. Ciena’s winning bid was worth $769 million, about $248 more than the ...1 week ago -
Ciena Buys Growth With Nortel Metro Ethernet Deal
GigaOM —
Authority: 777
Ciena today beat out Nokia Siemens Network to buy bankrupt Nortel’s metro Ethernet business for $769 million, winning the bidding war for the assets that it began in October . A court will still have to approve the deal that will see Ciena, which makes fiber optical equipment, pay $530 million in cash and issue ...1 week ago -
Ciena Snags Nortels Optical Business
Digital Daily —
Authority: 675
Ciena (CIEN) is buying Nortel Networks optical networking and carrier Ethernet business , after besting an offer from Nokia Siemens in a three-day auction. Ciena will pay $769 million for the now-bankrupt companys’ optical and carrier Ethernet assets, which it says will signifigantly bolster its Internet ...1 week ago -
Ciena becomes victor in fight for Nortels MEN
Telecom Industry News —
Authority: 144
After a three-day auction, a story in Reuters broke this morning that Ciena had beat out the Nokia Siemens Networks to acquire Nortels Metro Ethernet Networks (MEN) and optical divisions. A source close to the deal said that Ciena will fund the acquisition with $530 million in cash and $239 million in convertible ...1 week ago -
Ciena Taking Home a MEN
All About Nortel —
Authority: 131
Ciena has apparently won the auction for Nortel’s metro Ethernet network networking business with a $769-million offer, following a three-day auction in New York against Nokia Siemens. Reuters reports that Ciena offered $530 million in cash and $239 million in convertible notes, nearly 50% higher than its original ...1 week ago -
Ciena buys Nortel ops for $769 million: sources
The Washington Post —
Authority: 958
NEW YORK/HELSINKI (Reuters) - Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction. Featured Advertiser NEC Ads by Pheedo1 week ago -
Ciena buys Nortel ops for $769 million: sources (Reuters)
PC Mike - Tech News and Reviews —
Authority: 461
Reuters – Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction. View post: (Reuters)"> (Reuters)">Ciena buys Nortel ops for $769 million: sources (Reuters)1 week ago -
Ciena trumps NSN to buy Nortel ops for $769 million: sources
The Washington Post —
Authority: 958
NEW YORK/HELSINKI (Reuters) - Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, after trumping Nokia Siemens Networks in a three-day auction, sources told Reuters.1 week ago -
Ciena Said to Win Nortel Unit for $769 Million
DealBook —
Authority: 757
Ciena will buy Nortel Networks optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, Reuters reported Sunday, citing unnamed sources.1 week ago -
Ciena wins auction for some Nortel assets: sources (Reuters)
PC Mike - Tech News and Reviews —
Authority: 461
Reuters – Ciena Corp will buy Nortel Networks Corp’s optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday. See original here: (Reuters)"> (Reuters)">Ciena wins auction for some Nortel ...1 week ago

