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The largest by for was Auto matic Switch Company, which placed 455,400 shares through a Morgan Stanley & Co. under writing group.
On Monday, Arista Networks, a high-speed switch company run by former stars at Cisco, announced a series of products that also breaks down the traditional distinctions among storage, computing, and networking.
Loyal customers are being hardest hit, prompting critics to liken the telecoms market to the UK's energy sector, where loyal customers of the "big six" suppliers pay significantly more than those who regularly switch company.
Early on, he oversaw the integration of Crescendo Communications, a switch company that Cisco acquired for $89 million and that set the tone for its strategy in the boom.
Maureen Lawrence sold her network switch company, Whitetree, to Ascend Corp. for $70 million.
"She took slightly more than an engineering team doing some good technology and turned it into the thriving network switch company it is today," says Arista coounder David Cheriton.
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