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To: Duffeck who wrote (24473)9/27/2000 12:28:54 AM
From: brightlake2  Respond to of 42804
 
CSCO only wanted optical system business of Pirelli and research capability. Cisco has stated that it is not interested in buying the optical component business. However, it is investing in a lot of optical startup to guarantee itself supplies of critical components. Here is the link:

lightreading.com

Pirelli's component business is still with the parent company and can be sold. I am not sure how bid it is though. 3 billion cash is a lot of money that corning needed to borrow. It has 1.2 billion cash last quarter.

BL