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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; [email protected]

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
02/24/201718:10:44Statement of Changes in Beneficial Ownership (4)
02/24/201718:09:51Statement of Changes in Beneficial Ownership (4)
02/24/201718:08:58Statement of Changes in Beneficial Ownership (4)
02/24/201718:07:12Statement of Changes in Beneficial Ownership (4)
02/24/201718:06:17Statement of Changes in Beneficial Ownership (4)
02/24/201718:04:26Statement of Changes in Beneficial Ownership (4)
02/24/201717:06:25Form 13f Holdings Report (13f-hr/a)
02/24/201717:02:19Form 13f Holdings Report (13f-hr/a)
02/21/201717:09:11Quarterly Report (10-q)
02/17/201713:04:00Correction to Cisco Article on Feb. 16
02/16/201723:47:00Cisco Results Hurt by Weaker Market for Networking Devices...
02/16/201708:00:00OneRepublic To Headline 2017 Honda Civic Tour
02/16/201708:00:00OneRepublic To Headline 2017 Honda Civic Tour
02/16/201703:02:00Cisco Hit by Decline In Core Business -- WSJ
02/15/201719:20:00Cisco Results Hurt by Weaker Market for Networking Devices...
02/15/201717:00:00Cisco Results Hurt by Weaker Market for Networking Devices
02/15/201716:27:25Current Report Filing (8-k)
02/14/201708:00:00Cyber Threat Alliance Expands Mission through Appointment of...
02/12/201713:01:00The Next Facebook? Wall Street Sizes Up Snap's IPO
02/10/201708:56:42Amended Statement of Ownership (sc 13g/a)

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