Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

Corning to Purchase Cisco Stake in Pirelli

Facebook Twitter LinkedIn Email Comments
CORNING, N.Y., Oct. 30 -- Cisco Systems Inc. has decided to trade its remaining 10 percent stake in Pirelli SpA's optical components and devices business for shares of Corning Inc.'s common stock. Corning already purchased 90 percent of Pirelli's optical components business in September for $3.6 billion in cash, with the condition that Cisco Systems have the right to sell its 10 percent stake the business if it chose to do so.
Pirelli's optical components business is based in Milan, Italy where it manufactures lithium niobate modulators, pump lasers, certain specialty fibers and fiber gratings that are used in optical networks. The transaction will be complete before 2001, Corning said. Corning manufactures optical fiber, cable and photonics products for the telecommunications industry.

Photonics.com
Oct 2000
CommunicationsNews & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.