ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CSCO Stock Price » CSCO Stock News

Cisco Systems Share News

 Cisco Systems (mm) Stock Price
CSCO Stock Price
 Cisco Systems (mm) Stock Chart
CSCO Stock Chart
 Cisco Systems (mm) Stock News
CSCO Stock News
 Cisco Systems (mm) Company Information
CSCO Company Information
 Cisco Systems (mm) Stock Trades
CSCO Stock Trades

Cisco To Buy Optical Transceivers Developer Lightwire For $271 Million

DOW JONES NEWSWIRES Cisco Systems Inc. (CSCO) agreed to acquire Lightwire Inc., a developer of high-speed optical transceivers, for $271 million in cash as it looks to meet the growing networking demands for data-center and service providers. Cisco said privately held Lightwire has integrated multiple high-speed active and passive optical functions onto a small silicon chip, allowing switches, routers and optical transport systems to have higher-density optical connectivity at a lower cost. "With the combined know-how from Cisco in silicon design and Lightwire in CMOS [complementary metal oxide semiconductor] photonics, we will transform Cisco's optical connectivity business to an integrated technology platform that supports our customers' burgeoning need for cost-effective high-speed networks," said Surya Panditi, senior vice president of Cisco Service Provider Networking Group. Cisco expects to close the deal in the third quarter. The networking company reported earlier this month its fiscal second-quarter earnings rose 43% as its renewed focus on networking equipment contributed to an 11% revenue jump. Shares were trading at $20.26 premarket, up 3 cents. The stock has gained 12% so far this year though Thursday's close. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
04/15/201415:45:12TECH STOCKS: Twitter Rallies 8% As Nasdaq Reclaims 4,000
04/15/201411:33:26TECH STOCKS: Nasdaq Back Below 4000; Apple, Google Fall
04/11/201419:36:07Riding the Tech Roller Coaster
04/11/201411:36:49TECH STOCKS: Yahoo, Twitter Weigh On Techs; Zynga Rises
04/11/201408:19:49Canada Government Disables More Online Services On Heartbleed...
04/10/201416:54:21TECH STOCKS: Facebook, Google, Apple Fall As Techs Dive
04/04/201416:35:41TECH STOCKS: Facebook, Microsoft Lead Tech Sector Retreat
04/04/201412:54:39TECH STOCKS: Microsoft, Cisco Lead Tech Sector Retreat
04/02/201417:28:58TECH STOCKS: Cisco Still Hurting In Emerging Markets
04/02/201413:02:24EU to Vote on Web Traffic Regulation
03/28/201412:57:32TECH STOCKS: BlackBerry Rises, Then Slips On Results
03/27/201409:44:41U.S. Hot Stocks: Hot Stocks to Watch
03/27/201407:08:49Spherix Sues Cisco Over Alleged Patent Infringements
03/22/201417:47:45Magazine Reports NSA Spied on Top China Officials and Huawei...
03/20/201416:38:10TECH STOCKS: 3-D Printing Stocks Down As H-P Eyes Market
03/18/201411:12:38TECH STOCKS: H-P Seen Gaining As IBM Exits Key Market
03/13/201419:38:14Cisco Probes Bribery-Related Allegations -- Update
03/13/201418:30:06Cisco Probing Bribery-Related Allegations
03/12/201414:56:25TECH STOCKS: Tech Stocks Overcome Early Losses
03/02/201406:18:18MARKET SNAPSHOT: Jobs, Winter Weather To Test Record Stock Levels

Cisco Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad