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TELLABS AND CIENA TO SET STOCKHOLDER MEETING DATES

Lisle, IL and Linthicum, MD - September 2, 1998 -- Tellabs, Inc., and Ciena Corporation intend to adjourn their respective special stockholder meetings scheduled for September 9, 1998, for the purpose of approving their merger, and will reschedule such meetings at a later date. The companies currently anticipate that these meetings can be held in mid-November. This change accommodates SEC review of the revised filing and permits stockholders sufficient time to receive and review the revised Joint Proxy and Prospectus. A new record date for stockholders eligible to vote at the meetings will be set following SEC review of the revised proxy materials.