Cisco Intends to Close Swedish Plant
Cisco Systems Inc. (Nasdaq: CSCO) has confirmed it intends to close its metro DWDM unit near Stockholm. The company told Light Reading of the shutdown this afternoon when asked about Swedish media reports detailing the coming closure.
Cisco says it told its workers in the Hagersten photonics unit of its intention to close the facility two weeks ago. The company says it will continue selling the products based on the technology developed there.
Cisco's Photonics unit in Hagersten was formed when the networking giant acquired Qeyton Systems (pronounced KEE-ton), a 52-person startup, for about $800 million in stock back in May 2000 (see Cisco To Buy Qeyton For $800 Million).
The Qeyton-based product line -- which includes the ONS 15201 and ONS 15252 -- is a series of metro DWDM boxes that aim to give enterprises and service providers a means of getting more use out of their existing fiber (see Metro DWDM).
— Phil Harvey, Senior Editor, Light Reading
www.lightreading.com Want to know more? The big cheeses of the optical networking industry will be discussing metro DWDM at Lightspeed Europe. Check it out at Lightspeed Europe 02.