Cabletron Sells Products Group to Gores Technology
ROCHESTER, N.H., My 26 -- In an ongoing plan to phase out non-core businesses, Cabletron Systems Inc. has agreed to sell its Digital Network Products Group (DNPG) to Gores Technology Group of Los Angeles. DNPG, which was purchased from Digital Equipment Corp. by Cabletron in February of 1998, sells networking solutions under the brand name DIGITAL. The solutions are used for the interconnection of servers, desktops, office and manufacturing devices. Terms of the agreement were not disclosed.
The sale of DNPG, together with other steps we have taken to aggressively sell or phase-out non-core businesses and products, puts us ahead of schedule for completing this phase of the transformation, said Piyush Patel, Chairman and CEO of Cabletron Systems. With a substantial portion of the clean-up behind us, we can continue to focus on our four new high growth companies, Aprisma, Enterasys, GNTS, and Riverstone.
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