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The explosive launch of fiber optic networking company Sycamore Networks scmr proves that the market's appetitie for these companies is insatiable.
Redback Networks Inc., a maker of telephone and fiber optic networking equipment, agreed to buy Merlin Systems Inc. for $57 million in stock.
The fourth-largest fiber optic networking company will spend almost $25 million to outfit its network with Sycamore hardware.
A longtime holding is JDS Uniphase of San Jose, Calif., a maker of fiber optic networking gear.
Cyras's prize product is its K2 fiber optic networking system that can be rapidly deployed in metropolitan areas.
The complex will tap into the region's large surplus of fiber optic networking, a legacy of the dot-com boom.
Similar(46)
Lucent Technologies, trying to rebound after strategic missteps and production problems hammered its stock price and forced warnings of disappointing earnings, announced plans to split its optical networking group into separate units focusing on long-distance and metropolitan fiber optic networks.
But the timing could prove fortunate because the explosion of e-commerce and corporate networking are creating a booming demand for high-performance fiber optic networks.
Tacoma also promotes its $100 million high-speed fiber optic network.
In January, Merlin helped Redback introduce its SmartEdge 100 fiber optic product, which directs traffic on fiber optic networks.
Qwest is building a national fiber optic network.
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