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Cisco Rivals Fiber Optic Giants

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The $7.4 billion acquisition of Cerent Corp. of Petaluma, Calif., and Monterey Networks Inc. of Richardson, Texas, signals the entry of the San Jose, Calif.-based Cisco Systems Inc. into the multimedia-network ring. Cisco, which controls about 85 percent of the global market in computer network routers and switches, has claimed a share of the optical network market with the deal. Cerent produces the Cerent 454, an optical transport platform for cable, phone and Internet providers that moderates communication between copper and fiber optic networks. It has reported only $10 million in...Read full article

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    Published: October 1999
    BusinessCommunicationsfiber opticslight speed

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