Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Ciena to acquire Cyras for $2 billion
Dec 2000
NEW YORK, Dec. 21 -- In a move to get a foothold in the urban telecommunications market, Ciena Corp. said that it would buy Cyras Systems Inc. for $2.0 billion worth of Ciena stock. As a result of the deal Ciena, a maker of telecommunications equipment, will obtain Cyrus's K2 system, which can extend high-speed fiber optic networks to individuals and businesses located in cities. The K2 system is currently being tested and is slated for shipments in the first half of 2001, said Ciena.
It's strategically a very good move for the company and puts them head to head with (Cisco), said Raj Srikanth, a fiber optic equipment analyst with Deutsche Banc Alex Brown.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.