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Ciena was founded in 1992 under the name HydraLite by electrical engineer David R. Huber. [13] [14] Huber served as chief executive officer, while his former employer, Optelecom, an optical networking company, provided "management assistance and production facilities," [14] and co-founder Kevin Kimberlin "provided initial equity capital during the formation of the Company". [15]
What: Shares of networking equipment maker Ciena. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they ...
[4] In June 1996, Ciena introduced the first dense WDM system. [5] After Ciena went public, Huber left to start another optical networking company, Corvis Corporation (renamed Broadwing Corporation) in 1997, [6] [7] where he served as Chairman of the Board until Corvis was acquired by Level 3 Communications, Inc. in 2007 for $1.4 billion. [8]
Smith joined Ciena in 1997 and has been president and CEO since May 2001. [4] Prior to serving as CEO, Smith was chief operating officer; and prior to that, senior vice president of worldwide sales. Smith joined Ciena in November 1997 as vice president of international sales. [2] He has been on Ciena's board of directors since October 2000. [5]
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