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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (14061)	4/4/2001 5:46:49 PM
From: Alex MG	Read Replies (1) \| Respond to of 30051

Cisco Systems (CSCO) 13 11/16 -1/16: -- Update -- CNBC reporting that Cisco has discontinued its optical router product; this product was a result of its $500 mln August 1999 Monterey Networks acquisition and has long been rumored to be in trouble (rumors which Cisco frequently denied). Light Reading reported in early February that Cisco had given up on the Monterey gear and was developing a new optical switch in-house. Cisco cited weak market conditions for the decision, but Ciena (CIEN) has had much success with its optical switch, suggesting that product shortcomings had more to do with this decision.