Telecomms equipment developer, Ciena, has gone into the red to the tune of $3.9 million in its fourth quarter.
The $3.9 million net loss compares sharply with last year's net income of $39.5 million. Revenue for the quarter also slid 30 per cent to $91.2 million.
In September Ciena and fellow telecomms equipment technologist, Tellabs, cancelled their $7 billion merger plans. The news coincided with a 55 per cent slide in Ciena's third quarter income to $16.1 million, on revenue that increased by six per cent.
Ciena provides dense wavelength division multiplexing (DWDM) technology to telcos including Racal in the UK. It enables carriers to build high capacity IP networks.
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