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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; melodie.warner@dowjones.com

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
02/11/201609:42:00U.S. Hot Stocks: Hot Stocks to Watch
02/11/201609:33:50Amended Statement of Ownership (sc 13g/a)
02/11/201603:03:00Cisco's Dividend, Buyback Increase
02/10/201619:47:00Cisco Results Top Expectations; Raises Dividend, Buyback -- Update
02/10/201617:10:00Cisco Results Top Expectations
02/10/201617:04:00Cisco Results Top Expectations; Raises Dividend, Buyback
02/10/201616:13:44Current Report Filing (8-k)
02/05/201617:19:22Securities Registration: Employee Benefit Plan (s-8)
02/04/201603:03:00Cisco In Deal For Jasper
02/03/201619:26:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push -- 2nd Update
02/03/201619:08:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push -- Update
02/03/201617:50:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push
02/03/201617:31:00Cisco to Buy Jasper in $1.4 Billion 'Things' Push
02/03/201616:34:11Form 13f Holdings Report (13f-hr)
02/02/201618:00:00Cisco Wins Ruling in Patent Case Against Arista -- Update
02/02/201617:56:00Correction to Cisco Wins Ruling in Patent Case Against Rival...
02/02/201617:30:00Cisco Wins Ruling in Patent Case Against Arista
02/02/201617:15:00Cisco Wins Ruling in Patent Case Against Rival Arista
01/28/201616:45:27Current Report Filing (8-k)
01/27/201621:50:00EU Plans New Tax Rules for Companies

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