01—Abstract
Summary
Summary of the 8-K/A filed May 12, 2008. Cited figures are marked; the original filing is the authoritative source.
This Form 8-K/A filing by Ciena Corporation (CIEN) serves as an amendment to a previous 8-K report filed on March 5, 2008.
The primary purpose of this amendment is to provide the necessary financial statements and exhibits related to Ciena's acquisition of World Wide Packets, Inc. The original report announced the completion of this acquisition on March 3, 2008. This filing specifically includes the audited consolidated financial statements for World Wide Packets as of and for the year ended December 31, 2007, along with the required pro forma financial information reflecting the combined entity for the year ended October 31, 2007. Investors should note that this amendment is crucial for understanding the financial impact of the World Wide Packets acquisition on Ciena.
The inclusion of World Wide Packets' historical financials and the pro forma statements allows for a more complete assessment of Ciena's financial position and performance post-acquisition. This is particularly important for evaluating the integration of the acquired business and its contribution to Ciena's overall results.
02—Key points
Key Highlights
- Ciena Corporation (CIEN) filed an 8-K/A on May 12, 2008, amending a prior filing from March 5, 2008.
- The amendment provides the financial statements of World Wide Packets, Inc. acquired by Ciena.
- Audited consolidated financial statements of World Wide Packets for the year ended December 31, 2007, are included.
- Unaudited pro forma financial information for the combined entity as of and for the year ended October 31, 2007, is provided.
- The acquisition of World Wide Packets was completed on March 3, 2008.
- This filing fulfills regulatory requirements for reporting acquired business financials under Regulation S-X.
- Key exhibits include the merger agreement, auditor consent, World Wide Packets' financial statements, and pro forma financials.
03—Questions
Frequently Asked Questions
What is the primary purpose of this Form 8-K/A filing?
This filing is an amendment to a previous Form 8-K and its main purpose is to provide the necessary audited financial statements of World Wide Packets, Inc. and the unaudited pro forma financial information for the combined company, following Ciena's acquisition of World Wide Packets.
When was the acquisition of World Wide Packets completed?
The acquisition of World Wide Packets, Inc. by Ciena Corporation was completed on March 3, 2008.
What specific financial information is being provided for World Wide Packets?
The filing includes the audited consolidated financial statements of World Wide Packets, Inc. for the fiscal year ended December 31, 2007, along with the independent auditor's report.
What does the 'pro forma financial information' represent?
The pro forma financial information presents the combined financial results of Ciena and World Wide Packets as if the acquisition had occurred at the beginning of the presented period. This filing provides this information for the fiscal year ended October 31, 2007.
04—Continue