Prepare bread dough through its first rise.
In 2-quart saucepan, over medium heat, heat dried apricots and water to boiling. Reduce heat to low; cover and simmer 30 minutes.
In covered blender container at high speed, blend apricots, sugar and cinnamon until smooth. If mixture is too tart, add more sugar to taste.
Grease large cookie sheet. On lightly floured surface with floured rolling pin, roll dough into 15x12 inch rectangle. Place on baking sheet.
Spread apricot mixture in 4-inch strip lengthwise down the center of rectangle.
Cut dough on sides of mixture crosswise into 1-inch wide strips. Fold strips, alternately across mixture.
Cover; and let rise until doubled.
Bake in 350 degree oven until golden. During baking, baste with melted butter. Cool on wire rack 15 minutes.
Drizzle powdered sugar glaze over coffee cake.