* Ciena, a Linthicum company that makes telecommunications equipment, lost $141.5 million (25 cents a share) on $75.6 million in revenue during its third fiscal quarter, compared with a loss of $88.9 million (20 cents) on $68.5 million in revenue during the year-ago quarter. For the nine months ended July 31, the company lost $294.4 million (58 cents) on $216.7 million in revenue, compared with a loss of $271.5 million (62 cents) on $212.5 million in revenue during the same period last year. Gary Smith, Ciena president and chief executive, said in a statement, "Short-term, we expect revenue for our fourth fiscal quarter will be roughly flat with our third fiscal quarter revenue, reflecting ongoing customer uncertainty and caution." The company also named Michael J. Rowny, chairman of Rowny Capital, to its board of directors. Shares of Ciena closed up 3 cents at $1.97.
* QuadraMed, a Reston company that sells information technology products to health care companies, started trading on the American Stock Exchange yesterday. The 11-year-old company first went public in 1993 but was later delisted from the Nasdaq national index. In May, the company reached an agreement with the Securities and Exchange Commission to settle an investigation of its accounting procedures. Shares of QuadraMed, which trades under the symbol QD, fell 4 cents yesterday to close at $2.71.
* Ace Comm, a Gaithersburg network data company, lost $2 million (15 cents a share) on $4 million in revenue during its fourth fiscal quarter, compared with a net loss of $301,000 (3 cents) on $3.3 million in revenue during the same period last year. For the fiscal year that ended June 30, the company lost $5.9 million (49 cents) on $13.7 million in revenue, compared with a loss of $2 million (21 cents) on $13.8 million in revenue during fiscal 2003. The company attributed its larger than expected fourth-quarter loss to a number of one-time charges totaling $750,000. Shares of Ace Comm closed up 11 cents at $1.87.
* ManTech International, a Fairfax government technology contractor, won a contract worth up to $20.9 million from the Air Force to provide network and telecommunications services for locations in Italy, Turkey and Greece. The contract is for a base period of one year and has five one-year options. ManTech will provide help desk services and hardware maintenance.
* The Washington DC Technology Council named Penny K. Pickett president and to its board of directors. Pickett was the business director at the Telecommunications Development Fund, a Washington-based venture capital firm.
Compiled from reports by Washington Post staff writers.