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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
September 5, 2000
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Date of Report (Date of earliest event reported)
CIENA Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-21969 23-2725311
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
1201 Winterson Road, Linthicum, Maryland 21090
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(410) 865-8500
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Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On September 5, 2000, CIENA Corporation (the "Company") announced
that it learned that an administration order was issued by a London court
against iaxis Limited, one of the Company's European customers. As a result of
this order, up to $28.2 million in net accounts receivable currently owed to the
Company from this customer may be uncollectible, and the Company therefore
expects to record a one-time charge related to a provision for doubtful accounts
in its fourth fiscal quarter ending October 31, 2000. A copy of the press
release issued on September 5, 2000 regarding the impact of the administration
order on the Company is attached as an Exhibit hereto.
Item 7. Financial Statements and Exhibits.
99.1 Press Release, issued September 5, 2000 (announcing the
issuance and impact of an administration order by a London court against
iaxis Limited).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CIENA CORPORATION
Date: September 5, 2000 By: /s/ MICHAEL O. MCCARTHY III
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Michael O. McCarthy III
Vice President, General Counsel
and Secretary
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