ITEM 2.06 - MATERIAL IMPAIRMENTS
Based on a combination of factors, including current macroeconomic conditions and a sustained decline in the common stock price and market capitalization of Ciena Corporation ("Ciena") below its net book value, Ciena concluded on April 15, 2009 to write off all of its goodwill. Ciena expects to record an impairment charge of approximately $456 million in the current fiscal quarter ending April 30, 2009 relating to the write-off of its goodwill. The impairment charge above will not result in any current or future cash expenditures. On April 17, 2009, Ciena issued a press release announcing the impairment described above. The text of the press release is furnished as Exhibit 99.1 to this Report.
This report contains forward-looking statements that are based upon management's expectations and beliefs concerning future events affecting Ciena. Certain matters contained herein concerning anticipated costs and accounting charges are based upon management's expectations and beliefs concerning future events affecting Ciena. There can be no assurance that these future events will occur as anticipated or that Ciena's actual results will be as estimated. For a description of certain factors that could cause Ciena's future results to differ materially from those expressed in any such forward-looking statements, see Part II, Item 1A of Ciena's Quarterly Report on Form 10-Q for the quarter ended January 30, 2009 entitled "Risk Factors."
ITEM 9.01 - EXHIBITS
(c) The following exhibit is being filed herewith:

Exhibit Number Description of Document Exhibit 99.1 Text of Press Release dated April 17, 2009, issued by Ciena Corporation.

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