CIENA Corporation (NASDAQ: CIEN), a provider of intelligent optical networking systems and software, announced, as of Wednesday, August 29, 2001, it will be included in the S&P 500 Index.
CIENA will be added to the S&P 500 GICS Telecommunications Equipment sub-industry group and the Communications Equipment industry group. CIENA replaces American General in the index following American General's acquisition by American Int'l Group.
The S&P 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock's weight in the Index proportionate to its market value.
CIENA Corporation's intelligent optical networking systems form the core of networks and services worldwide. For more information, visit www.CIENA.com.