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."
Another: "Even incumbents are not spending." Ciena Loss Grows as Revenue Falls 80% | 
