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News about Ciena
Striking workers go back to work installing gear from a top supplier.
By Scott Moritz The spending slowdown hitting the technology industry has slammed Ciena , the telecommunications equipment maker. In an earnings report Thursday, the company cited a drop in customer orders in slashing its fourth-quarter sales forecast 24% below expectations. Ciena’s third-quarter sales and earnings were solid despite signs of sluggish demand from corporations. The Linthicum, Md.-based company posted adjusted earnings of 37 cents a share, […]