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| Ciena Loss Grows as Revenue Falls 80% by Jeremy at 3:37 pm EDT, May 24, 2002 | |||
Ciena, the second-biggest domestic maker of fiber-optic equipment, reported yesterday that its quarterly losses increased, its revenue plunged 80% and its financial picture could get even worse before the troubled telecommunications industry shows any sign of reviving. ... Stock is down 90% in the last year; suffering from "extreme" cost cuts by its few customers; gross profit margin is -1%. Analyst [with haughty disgust]: "Worst. Results. Ever." | |||
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