8-KRegulation FDExhibits & Filings

CIENA CORP 8-K Report, Regulation FD Disclosure (Mar 4, 2010)

Filed March 4, 2010For Securities:CIEN

Summary

Ciena Corporation (CIEN) filed an 8-K on March 4, 2010, primarily to furnish audited financial statements for Nortel's Metro Ethernet Networks (MEN) business. These financial statements cover the fiscal years ended December 31, 2007 and 2008, and the nine-month period ended September 30, 2009. This filing is significant as it pertains to an asset that Ciena was likely in the process of acquiring or had recently acquired from Nortel, a key competitor at the time. Investors should note that these are historical financials for the acquired business unit, not Ciena's consolidated financials for the period. The purpose of providing these financials is likely to comply with disclosure requirements related to the transaction and to offer transparency to investors regarding the financial performance of the acquired assets.

Key Highlights

  • 1Ciena Corporation filed an 8-K on March 4, 2010.
  • 2The report furnishes audited financial statements for Nortel's Metro Ethernet Networks (MEN) business.
  • 3The financial statements cover the fiscal years ended December 31, 2007 and 2008.
  • 4Financial data for the nine-month period ended September 30, 2009, is also included.
  • 5This filing suggests a significant transaction involving Ciena and Nortel's MEN assets.
  • 6The information is disclosed under Regulation FD.
  • 7The report's primary purpose is to provide financial information related to a specific business unit being acquired or that has been acquired.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the audited financial statements for Nortel's Metro Ethernet Networks (MEN) business unit. This is typically done in connection with a material transaction, such as an acquisition.

No, these are not Ciena Corporation's consolidated financial statements. They represent the audited historical financial performance of Nortel's Metro Ethernet Networks business for specific periods prior to its integration with Ciena.

This filing strongly indicates that Ciena was in the process of acquiring or had recently acquired Nortel's Metro Ethernet Networks business. Disclosing the historical financials of the acquired entity is a standard requirement for transparency and due diligence purposes for investors in such transactions.

The furnished financial statements cover the fiscal years ended December 31, 2007 and December 31, 2008, as well as the nine-month period ended September 30, 2009.