Shares of Ciena (cien) surged Tuesday after TyCom announced it would use the fiber-optic company's products in a new undersea optical network.
Tycom (tcm) is building a high-speed broadband network that will link six continents and is selling broadband capacity on the network to international telecommunications carriers. The company said that initial orders for Ciena products will be for more than $150 million, as part of a two-year deal. Full story. --Margaret Kane, ZDII