CIENA News

Barring unforeseen disaster, tech vendor shares are set for a strong finish for 2009, but mixed financial news shows that IT still faces hurdles on the way to economic recovery.

The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: Eli Lilly & Co., up $1.54 to $35.02 Earnings per share could grow more than 10 percent in 2010, the drug maker said, but analysts were wary of its drug pipeline.

Ciena Corp posted a wider-than-expected quarterly loss due to rising costs, sending its shares down 4.8 percent in early trade despite revenue that handily beat Wall Street estimates.

U.S. stock futures advanced Thursday ahead of data that could show a decline in weekly jobless claims.

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It's not a direct lineage, but Fiberlane founder Raj Singh, formerly a kingpin of optical networking, has worked his way into mobile apps.

Every night on "Mad Money," Jim Cramer offers market commentary and general investment advice, and he makes calls on specific stocks, both of his own choosing and in response to viewer requests.

Didn't it seem as if that Metro Ethernet Networks auction ended anticlimactically? Worry no more.

Bankruptcy courts in Delaware and Ontario approved the deal over objections by Finnish rival Nokia Siemens Networks, which said that it would be willing to pay $810 million in cash for the business with its partner, One Equity Partners.

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 10:45 a.m. in New York.

With its financial woes largely behind it, alternative Italian broadband service provider Tiscali SpA is to extend its transport and access infrastructure into the southern region of the Mediterranean country, and is giving optical equipment firm Infinera Corp.

The recently appointed CEO of Nokia Siemens Networks made a bid to calm investor fears during today's Nokia Corp.

Although its retreated from its 52-week highs, there's little doubt that Ciena has made a heck of a comeback from earlier in the year.

Nortel Networks Corp. won permission to sell its optical-networking business to Ciena Corp.

Ciena Corporation , the network specialist, today announced that its agreement with Nortel to acquire substantially all of the optical networking and carrier Ethernet assets of Nortel's Metro Ethernet Networks business in North America, the Caribbean, Latin America and Asia has been approved by both the United States Bankruptcy Court for the ...

Ciena Corp. chief executive Gary Smith is singing the praises of the Nortel Networks optical networking division that he's trying to buy for $769 million U.S. in cash and debt.

Shares of the following companies are having unusual moves in U.S. trading this morning.

MatlinPatterson Global Advisers LLC, a bondholder of Nortel Networks Corp., said in a court filing that the $769 million bid from Ciena Corp.

Nokia Siemens Networks will object in U.S. bankruptcy court to Ciena Corp's $769 million bid for Nortel's optical networking and carrier ethernet business, and is ready to raise its offer to $810 million in cash, the company said on Tuesday.

The winning $769 million bid by Ciena for the metro Ethernet assets of the former Nortel Networks marks positive momentum for carrier Ethernet services in the US and abroad.