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Optical/IP

Cisco May Pocket Procket

Cisco Systems Inc. (Nasdaq: CSCO) is in talks to acquire routing rival Procket Networks Inc., and a deal may be close to being finalized, say sources close the company.

Rumors have been bubbling about the deal, and they were first reported yesterday in a networking Weblog, GigaOm. Yesterday evening Network World followed up on the story and reported the deal was done at $80 million.

One source told Light Reading today that the Procket board had signed on for a deal tagged at $80 million. Light Reading was unable to confirm this with a second source. Cisco was one of the original investors in Procket.

Employees at Procket reached by Light Reading on Friday say they've heard the acquisition rumors but have not been told by the company's managers what Procket's fate will be.

A few other Procket employees contacted by phone were not at work. They weren't on vacation, either. Hmmm...

Tony Li says he knows nothing.

What is without dispute is that Procket is trying to find another investor or parent, and needs to refuel or be acquired to keep running. Light Reading's sources said the company raised nearly $30 million at the end of last year. Procket acknowledge that it had raised some funding in January, but wouldn't discuss the funding amount.

"We had a first close of funds in late 2003 and intend to have a second close in Q1 2004 in the same series," said Roland Acra, Procket's president and CEO, in a statement provided to Light Reading in January (see Procket Stuffing Its Pocket).

A delay in that second close, which could have been tied to company milestones, is what may have propelled Procket to start talking to potential buyers. NTT Communications Corp. and Fujitsu Network Communications Inc. (FNC) were among the companies most recently approached, according to one source. Alcatel SA (NYSE: ALA; Paris: CGEP:PA) was an almost-done-deal that fizzled a while ago, say several former Procketeers.

"They tried to sell to Alcatel about a year ago, and when that didn't happen, the customers Procket was close to -- NTT/Verio and AOL, for instance -- took a step back," says a former Procket employee.

That source says the Procket talks with Cisco have gone far. Procket's top software developers -- A.E. Natarajan and Dino Farinacci -- recently visited Cisco's campus along with VP of engineering Jeffrey Purnell to talk technical specifics with the routing giant.

If Cisco did pull the trigger on a deal it would be getting some valuable technology and technical talent, while taking out a key challenger. "Procket challenged every technical boundary in advancing the state of the art for core routing," says a former senior Procket executive. "This may be the last challenge to the existing players in this market for many years, as to play in this market sector requires tremendous sustained investment spread across a broad product portfolio."

It's worth pointing out that Procket has often been reported in talks with suitors. Lucent Technologies Inc. (NYSE: LU) and Nortel Networks Ltd. (NYSE/Toronto: NT) have also reportedly sat across the table from the startup over the past few years (see Will Nortel Pick Procket? and Procket Talk Turns Up).

Cisco does hold a stake in Procket, but some feel it would be crossing a line to acquire the startup, sending a bad signal that conflicts with the recent launch of the new CRS-1 core router, which was unveiled just a few weeks ago Cisco Unveils the HFR).

"Cisco has always maintained that they don't buy competing products," says a former Procket employee who previously worked at Cisco. "They have always bought complementary technologies rather than taking out competitors."

Neither Procket nor Cisco would comment for this story.

— Phil Harvey, News Editor, Light Reading

diag_eng 12/5/2012 | 1:33:46 AM
re: Cisco May Pocket Procket Rumors on the street say that this isn't happening.

You're clearyly on the wrong street.
UncleBond 12/5/2012 | 1:34:16 AM
re: Cisco May Pocket Procket >Yes. The OS also runs on a standard x86 PC >already. Porting it to other systems would not >be overly difficult.
>
>Whether it would be a good idea or not is >another question.

What other options are left? IOS-MC II planned to be released sometimes in 2010?
/UB
Tony Li 12/5/2012 | 1:34:17 AM
re: Cisco May Pocket Procket Does Procket technology allow the OS to be ported on to other platforms like the 3600?

Yes. The OS also runs on a standard x86 PC already. Porting it to other systems would not be overly difficult.

Whether it would be a good idea or not is another question.

Tony
UncleBond 12/5/2012 | 1:34:17 AM
re: Cisco May Pocket Procket
What is CSCO strategy for platforms other than HFR? Initially, ENA started with development on 7200 platform. CAT6K and GSR were next (cat got bumped out due to politics). 5900 plans got shelved and then everything got folded into HFR. So, what happens to the ailing IOS based products that are going to face competition from Juniper pretty soon? Does Procket technology allow the OS to be ported on to other platforms like the 3600?
/UB
coreghost 12/5/2012 | 1:34:33 AM
re: Cisco May Pocket Procket "If Cisco did buy Procket, it would be interesting how many of the sharp engineers at Procket hung around."

Two words, golden handcuffs...


If that happens, John Chambers is going to have
some interesting morale problems among the
engineers who build and maintain the products
that actually make money for cisco.

There are some particular individuals who, if
they are rewarded for leaving and dissing
cisco with gold, are going create not a
small amount of anger at cisco.

Mr. Mutt 12/5/2012 | 1:34:34 AM
re: Cisco May Pocket Procket "If Cisco did buy Procket, it would be interesting how many of the sharp engineers at Procket hung around."

Two words, golden handcuffs...
coreghost 12/5/2012 | 1:34:39 AM
re: Cisco May Pocket Procket Is it just me or did John Chambers' just diss his entire HFR development team??



No. John Chambers was describing part of the
HFR strategy. A few well-connected people
(and companies) did financially very, very well
out of HFR.

What he is actually saying is that if you work
for cisco itself on the HFR rather than one
of the people brought in through acquisitions
or spin-ins, you are an idiot.

But if you friends picked you for a spin in or
your outside the company with friends in the
right places, cisco will shower money on you
even if your ideas are bad.

The bad thing about Chamber's logic is that he
has no clue who did the hard work on HFR versus
the people who have taken the credit (and the
money).

myoptic 12/5/2012 | 1:34:42 AM
re: Cisco May Pocket Procket "Fifty really sharp engineers can bring a product to market quicker than 500 can, so if ever there is a talent acquisition that makes sense to me in the market, I don't hesitate," Chambers told investors at a Bear Stearns conference in New York.

Is it just me or did John Chambers' just diss his entire HFR development team?? He can't be particularly pleased about spending 6 years and the better part of a billion dollars on a project which elicited a massive yawn from customers and will take another 2+ years to complete. Competitors running circles around Cisco in terms of time-to-market. The big question is what Cisco can/will do about it.

my0ptic
Dindon 12/5/2012 | 1:34:43 AM
re: Cisco May Pocket Procket "Fifty really sharp engineers can bring a product to market quicker than 500 can, so if ever there is a talent acquisition that makes sense to me in the market, I don't hesitate," Chambers told investors at a Bear Stearns conference in New York."

Chambers just admited that he has 500 non-sharp engineers build routers, did he? Or is just my impression?

Good explanation why Cisco delayed HFR launch for so long time and will take another decade to make CRS-1 realy available as carrier grade platform.

Sharp engineer may want to work for startup, away of political decision, rather than discuss on what need to be done to keep revenue in legacy platform that customers still spend money on. Most of the time the decision is to delay new products in order to keep those revenues... Sharp engineer will want this invironment? I daught...
liang 12/5/2012 | 1:34:47 AM
re: Cisco May Pocket Procket agreed.

Just wandering what's in the CTO's mind, and what's in the field engineer's mind might be different.

Come to the final purchasing decision, sometimes politics plays a big part
mr zippy 12/5/2012 | 1:34:50 AM
re: Cisco May Pocket Procket
"Fifty really sharp engineers can bring a product to market quicker than 500 can, so if ever there is a talent acquisition that makes sense to me in the market, I don't hesitate," Chambers told investors at a Bear Stearns conference in New York.


If Cisco did buy Procket, it would be interesting how many of the sharp engineers at Procket hung around.

I'd be guessing, based on what I know of Tony's background, that a lot of these sharp engineers have already worked at Cisco and Juniper. Whether they want to work at either of those places again, after having been part of the group of "Fifty really sharp engineers can bring a product to market quicker than 500" would be an interesting question to see the answer to.
mr zippy 12/5/2012 | 1:34:51 AM
re: Cisco May Pocket Procket Style seems the same.

Oh well, another pseudonym to add to the filter.

It would be minor justice if Tony could take away the use of technology he has contributed to the Internet for select people. Truelight1's and ehwhatsupdoc's trolling would only go so far as their ISPs AS ...

jeepman 12/5/2012 | 1:34:53 AM
re: Cisco May Pocket Procket FatherConfessor wrote:

"Ok, the word on the street is that this deal is for real, However, the price is $800 million, not $80 million!"

John Chambers said:

"Fifty really sharp engineers can bring a product to market quicker than 500 can, so if ever there is a talent acquisition that makes sense to me in the market, I don't hesitate," Chambers told investors at a Bear Stearns conference in New York.

"I'm a risk taker," he added. "What you can count on is I'm not going to buy another router company for another router."

----

So $800M / 200 employees ==> $4M per head

Quick, where do I sign up ? :-)


FatherConfessor 12/5/2012 | 1:34:55 AM
re: Cisco May Pocket Procket Ok, the word on the street is that this deal is for real, However, the price is $800 million, not $80 million!
OpticOm 12/5/2012 | 1:35:00 AM
re: Cisco May Pocket Procket ehwhatsupdoc-you are an idiot.
Period.
procketear 12/5/2012 | 1:35:00 AM
re: Cisco May Pocket Procket i'm sure there are many engineers who went to procket to get away from cisco. I dont think they want to go back to cisco. If cisco were to buy procket, I dont think most of the engineers are going to stick around, unless there visa's are about to expire and are running out of routing companies to work for. procket was supposed to defeat cisco and be able to laugh in there face at the next 1000 nanogs. it was harder than everyone thought, and now there going to sell all the hard work of all the hard working people including the many who got layed off for pennies on the dollar. I really hope this is some retarded rumor.


procketear (although i never felt like one)
ehwhatsupdoc 12/5/2012 | 1:35:01 AM
re: Cisco May Pocket Procket Silicon Valley is a place of nerds. Tony is one of them - a super-nerd. Some of you out there worship that. And there's nothing wrong with nerd worship.

Nerds often create value. Tony is one who has proven to do otherwise. At Procket - he is now truly hated after his posts on this board a few days ago.

His attitude sucked while still employed there. And now after getting fired/pushed out/whatever you wanna call it, he's acting out again on this board.

Real class Tony.

To all potential employers - beware. You're getting a proven diaper-wetter, a classless jerk.

Tony Li - the nerd jerk who lives only for his own ego.
ehwhatsupdoc 12/5/2012 | 1:35:04 AM
re: Cisco May Pocket Procket Real smart Tony... brilliant comment on two bids on Ebay.

Did Dino and Bill call you up and say - "Haha Tony, I love you man!"

Keep looking for a job you moron.
beowulf888 12/5/2012 | 1:35:04 AM
re: Cisco May Pocket Procket Coreghost:
Thank you for cutting through the hype and anti-hype (hate?) on this list. Good posting.

Back to the subject heading, though. I can think of several good reasons for Cisco to do a deal with Procket...

1. Deprive your competitors of some really good technology.
2. Deprive your competitors of some really good technology that *you* invested money in developing.
3. Keep your competitors off-balance by giving them multiple potential platforms to compete against -- while solidifying the CRS functionality and stability (or not).

I think the argument that Cisco won't want to support another platform isn't supported by their history. Cisco has never been squeamish about supporting a wide variety of platforms. What differnce does one more make -- and $80 million is chump change. In fact, despite the overhead of supporting dozens of product lines, hundreds of platforms, and a couple of thousand of different versions of IOS (not to mention non-IOS OSes), it's Cisco's wide range of products that had made them the 800-lb Gorilla.

As for the rumors that the CRS is not ready for prime time, the folks I know at Cisco seem pretty confident about it (and downright proud of it). Having a long history of working with, then at, then with Cisco again, I tend to think that betting against the CRS is a bad idea.

cheers,
--Beo

Coreghost wrote...
Lets keep this reasonably close to the truth.

Procket has a handful of small customers.

Carriers are not rushing out to buy procket
systems.

The idea that the HFR is 18 months behind
in testing vs. procket is false. The idea
that procket is 100% tested and totally proven
out is equally false. As far as 90% of carriers
are concerned, neither system is proved out.

Further, cisco is not in a crisis vs. the T-640
that requires them to deploy an unproven procket
system. The CRS received a big yawn from most
carriers, but so did procket. Neither has
anything very compelling to offer anyone.
signmeup 12/5/2012 | 1:35:13 AM
re: Cisco May Pocket Procket the_lord wrote:
"Anyway, I am sure that the SEC would love to talk to a few of these leakers"

Talk to them about what exactly?!?! About deals that didn't go through? If you think that qualifies an investigation by the SEC, perhaps you should read up on what the current laws state.

Oh, and this is not a 'partnership' as you are describing it. These are rumors about an acquistion for the assets of Procket.

As far as the rest of your rant is concerned, I can't understand what you are most upset with - the fact that Procket has been rumored to be in talks with these folks, or that the rumors have surfaced.
the_lord 12/5/2012 | 1:35:14 AM
re: Cisco May Pocket Procket There have been rumors about Procket being bought by different vendors for the past couple of years.... So far, the following has been cited:

- Nortel
- Alcatel
- Cisco
- Foundry
- NTT
- Whatever!!??

Why do we jump up and down about this news? Personally, I'd be hestitant about forming any relationship with Procket. There certainly appears a breach in privacy whenever certain talks occur. It is dubious about being a few misguided employees since this pattern has been so consistent throughout Procket's history.

Anyway, I am sure that the SEC would love to talk to a few of these leakers. Eventhough Procket is a private company, all of the others are pubically traded companies...
bobcat 12/5/2012 | 1:35:16 AM
re: Cisco May Pocket Procket Both Cisco and Juniper have succeeded (thus far)because of a combination of good products and good buisness sense (the right prouduct at the right time).
I don't see a buisness case for Cisco buying procket. Alot of what procket probably has, Cisco can do on their own and given the current market and lengthy network trials it doesn't make sense.
Does Procket have a good product? sure. Does it make sense to buy them and assimilate the product into current product lines, retrain sales and marketing on product positioning, and have engineers re-design, or port Cisco features into the product? Is it a buisness case for making money long term? (before the product is old). What about customer perception? Does the customer see this as something they would buy now as opposed to the HRF sometime in 2005? I dunno, but someone is asking those questions.
By the time its all said and done the HFR will possibly be shipping and, selling. As for taking out the competition, why not let them die off like (the dinosaurs) and be done with it. No money lost. Let the other guy buy them. Money spent on taking out the competition in the so called post bubble phase is not a good idea either. Money is tight and profits are marginal, and Procket isn't that much of a threat in the short term. Long term (as is) the product my not meet customer needs beyond 2004.
Online gaming, VoIP, bandwidth, security are all important and sellable feature issues, but so is following a growth plan for your network. (Kinda like a stock portfolio, stick to the plan).
Value added, is key for Cisco and the RBOCs, because that translates into sellable service features and they can make money on value added services. So what does such a deal add to Cisco that translates into (money for Cisco) added services for the Carriers., that translates into something carriers can sell to their customers...? I don't see it.

opinion 12/5/2012 | 1:35:17 AM
re: Cisco May Pocket Procket ---Tony - Li(ar)

---Overdesigner, overpriced and no-sustainable market.

First, overdesigner sounds like a complement. I wish more designers overdesigned their products.

Overpriced ? You obviously never saw the real pricing compared to CSCO/JNPR. It's below both by a good margin.

No sustainable market -- Duh. No one here needs a reminder that the core router space isn't going to create billions or even high 100's of millions anymore.

dwdm 12/5/2012 | 1:35:24 AM
re: Cisco May Pocket Procket I think it is pretty stupid to portray Cisco or Juniper as the perfect solution. Both of the vendors have positives and both have negatives. In some situations one might work better than the other, but not in all situations..

If I were to buy a router today, which one would I select? hmmm... Juniper or Cisco? I'm a 6500/SUP720 fan. This is what I have deployed and I'm comfortable with. However, I do know people that love the M-series from Juniper and have deployed that and like it. At the end of the day both work just fine. From the negative side both vendors have a list of issues... so sometimes the conversation turns into which one sucks less :-)

As for Cisco buying Procket.. I think this somewhat makes sense. If Cisco was an initial investor, it is probably trying to buy whatever they tried to invest in the first place. Makes sense to me. Whatever that is, we'll just have to wait and see.
opticalwatcher 12/5/2012 | 1:35:25 AM
re: Cisco May Pocket Procket "You burned through more money than most people could imagine, you set a record for in-fighting
and backstabbing that few could match and then cisco rides to the rescue right before you go bankrupt."

Pretty unfair criticism, but the kind you see a lot on these message boards. Lets face it, EVERY company in the telecom bubble spent massive amounts of money. Didn't Lucent spend almost a billion dollars for a core router company? And most companies have some jockying for power at some time in their lives, usually making Procket's look pretty tame, especially considering the difficult environment Procket is in post-bubble.

In fact, ANY company that was created in the overspending telecom bubble and can manage to survive post-bubble in any form, and that includes getting bought, usually has something really going for it. My understanding (only second hand hear-say) is that Procket has some excellent technology.
GooblyWoobly 12/5/2012 | 1:35:27 AM
re: Cisco May Pocket Procket From the same source of GigaOm:
"Looks like Procket Networks might have walked away from its handshake deal with Cisco and instead gone into the embrace of Foundry Networks. Clearly, Cisco would be pissed off because of such a development."
coreghost 12/5/2012 | 1:35:27 AM
re: Cisco May Pocket Procket
Nothing has appeared yet to confirm that cisco
ever had a handshake agreement with procket
let alone that procket walked away from it.

GigaOm is doing lots of guessing with very little
information. Though he was first, the CNET and
Network World articles both seemed to have
access to better sources than he has shown
so far.

fiberpimp 12/5/2012 | 1:35:28 AM
re: Cisco May Pocket Procket What people forget sometimes is that the engineers chose cisco back in the days because it was pretty much the only good solution. I truly believe that most engineers who end up playing with juniper routers preffer them over cisco. Especially the M/T series.

Don't start comparing Juniper with 3com or bay. Juniper has solid products and the engineers like it.

Any engineer who played with JunOS will tell you it's better than IOS.

At least now people will give a chance to their new products. I'm happy that I will now have a low-end solution that will be 100% compatible with my backbone.

I'm just waiting for them to buy force10 and get some layer2 going on.

-chris
xbar 12/5/2012 | 1:35:29 AM
re: Cisco May Pocket Procket wilecoyote,

Let me guess, are you working for a company in MV, specifically JNPR?

My view is that being late or ahead at some specific point in time is not really important; what is critical a long-term strategy. JNPR is currently is moving away from their traditional startegy of focus. If they will not execute well on it, they can be another Bay or 3COM.

Time will tell

xbar
wilecoyote 12/5/2012 | 1:35:36 AM
re: Cisco May Pocket Procket Watcher10: Pretty harsh response. I'm not a Procket employee and never have been. Second, you are right: lots of cash burned through, ridiculous founder/management clashes, lots of intrigue, lots of nonsense. Absolutely, you're right.

But let's stick to the point. CSR is very late, and still needs quite a bit of work before it's ready for market. Again, probably about 18 months of trials. Meanwhile, Juniper is taking share and having the best quarter of its existence, expanding into other Cisco markets as far as the CPE. Cisco meanwhile is playing defense. Cisco needs to do something to show the world that it is a technology leader, not just a finance and operations leader. That they are not the IBM of networking. And they need to defend the core. I think buying Procket would do that for them.

Let's see what happens. If any of these rumors are true, there should be an announcement of some kind in the next couple of weeks, maybe sooner. I bet Foundry makes a strong move and renders this debate moot.
watcher10 12/5/2012 | 1:35:38 AM
re: Cisco May Pocket Procket Another long-time procket employee heard from.

You guys have a lot to be proud of. You burned through more money
than most people could imagine, you set a record for in-fighting
and backstabbing that few could match and then cisco rides
to the rescue right before you go bankrupt.

Cisco doesn't want or need the product. And it sure doesn't need
a bunch of whiny egomaniacs who can't get along with each other, let
alone a buyer.
coreghost 12/5/2012 | 1:35:38 AM
re: Cisco May Pocket Procket
Lets keep this reasonably close to the truth.

Procket has a handful of small customers.

Carriers are not rushing out to buy procket
systems.

The idea that the HFR is 18 months behind
in testing vs. procket is false. The idea
that procket is 100% tested and totally proven
out is equally false. As far as 90% of carriers
are concerned, neither system is proved out.

Further, cisco is not in a crisis vs. the T-640
that requires them to deploy an unproven procket
system. The CRS received a big yawn from most
carriers, but so did procket. Neither has
anything very compelling to offer anyone.




chechaco 12/5/2012 | 1:35:38 AM
re: Cisco May Pocket Procket "Say what you want about Procket but the fact is, the box works and people are buying it."
If things to be as you've described them then why Procket went on with the sale of the company? The reality seems to be far from your picture - no paying customers, no revenue, running out of cash.
wilecoyote 12/5/2012 | 1:35:39 AM
re: Cisco May Pocket Procket Well, I can think of 60 reasons for Cisco to buy Procket. Juniper basically listed them: all the customers who were waiting for HFR and now going with T-640. Those 60 customers will probably acount for about 300-400M in sales over the next 2-3 years. Say what you want about Procket but the fact is, the box works and people are buying it. Cisco needs something people can use right now, as opposed to 18 months from now when CSR 1 is done being tested (best case).
signmeup 12/5/2012 | 1:35:41 AM
re: Cisco May Pocket Procket This is purely a defensive buy for Cisco. They saw an opportunity to remove a potential competitor for very little $$$. They will kill the product and offer HFR replacements to those poor customers that were early adopters of Procket.

What remains to be seen is if Cisco uses any of the technology or if they just scrap it in favor of what they already have. My bet is that the 'not invented here' syndrome wins in the end and all that will be left of Procket is a handful of patents and fond memories of the bubble...
diag_eng 12/5/2012 | 1:35:44 AM
re: Cisco May Pocket Procket If Cisco is buying Procket, which I doubt, then it's most likely a tactical move intended to prohibit another competitor (Alcatel, NT, etc.) from acquiring them. Cisco did this in the early-to-mid stages of the bubble by acquiring small software companies developing routing code, e.g. GateD.

What would be the compelling reason(s) for a Cisco buyout of Procket?

1. Tactical (see above paragraph)
2. HFR is a toilet

If you can think of any other reasons, then please post them.
startup_shutup 12/5/2012 | 1:35:47 AM
re: Cisco May Pocket Procket ... unless you get to make decisions technical
or administrative. Otherwise you have got
everything to lose. Do not chase mirrages, wait
for the next wave.
pig3head 12/5/2012 | 1:35:47 AM
re: Cisco May Pocket Procket I think cisco's aggressive rivals like huawei have eyed on Procket for that they have not opportunity to catch up with cisco's high end router technology after the CRS-1's coming true.

Few in the world can offer 40G and modular OS. No doubt, announcement for CRS-1 in cisco's D-day spoil cisco's competitor's confidence to catch up.

As we know, huawei's hatch of new core router has taken so long the time that it must oemed box from AVICI.

Avici's list in stock market make it hard for huawei to acquire it. Therefore, private-hold Procket is the best choice.

Procket's IPs about 40G and modular OS are just what huawei want.

After learning this, cisco decides to acquire Procket immetiately to protect self.

I think that the leading actor are not just cisco and Procket, certain 3th part must be involved.

All thses were caused by CRS-1.
see_the 12/5/2012 | 1:35:50 AM
re: Cisco May Pocket Procket Hmmmmm....

Everyone is asking what does Cisco see... Certainly, it is neither the customer base nor the employees at $80M. Cisco could give a fraction of that money directly to either the customers or employees, and make more progress.

It must be the intellectual property...

System: The problem is that they would have 3 software platforms Cisco IOS, CSR, and Procket.

40G NPU: Not likely since they just built one with IBM unless they are trying to corner the market on 40G processors.

Switching architecture: Again, not likely because it is hard to reintegrate hardware back into an existing hardware platform.

OS and Protocol Software: Of the above, this is the more likely. This implies that the CSR software is not the long term strategy... Or, a battle could be shaping about which software platform is ported onto new hardware platforms.


Anyway, Cisco only bought the assets.... Who bought the liabilities!?!?!

It reminds me of the Polish accountant who embezzled the liabilities of the company... Maybe, it was the Nortel accountant!!??! ;-)
coreghost 12/5/2012 | 1:35:52 AM
re: Cisco May Pocket Procket This is clearly a stop gap acquisition – as CSCO doesn’t really have a deployable product for the next 18 months – deploying the 128xx would result in a complete $ write-off within month – JNPR will eat Cisco’s lunch and this acquisition positioned as an “asset acquisition” is an admission of where the CRS-1 stands today vis-+Š-vis the T-640.


I don't agree. If this is all true, it would
be more likely that procket would be used to
shore up other areas of the product line where
cisco has aging equipment. I think the use of
it as a core product by cisco is unlikely. But
in other roles (with all the software thrown
away), it might be of use.

t_jones 12/5/2012 | 1:35:53 AM
re: Cisco May Pocket Procket Heh. Tony must be flattered to have a troll that's obsessed with him. And an anonymous troll at that. :-)
arch_1 12/5/2012 | 1:35:53 AM
re: Cisco May Pocket Procket BobbyMax! we are so happy you have chosen to rejoin us!

This give me another oportunity to make sure LightReading's "Ignore author" button still works...
mr zippy 12/5/2012 | 1:35:54 AM
re: Cisco May Pocket Procket Tony - Li(ar)

Overdesigner, overpriced and no-sustainable market.


I'm no lawyer, however I'd suggest Truelight1 that you would be getting close to the point of receiving a lawsuit for comments like this one, especially in letigeous America.

Demonstrate the courage to come out from behind your pseudonym, if you are going to make such comments.
Truelight1 12/5/2012 | 1:35:55 AM
re: Cisco May Pocket Procket Tony - Li(ar)

Overdesigner, overpriced and no-sustainable market.
Tony Li 12/5/2012 | 1:35:55 AM
re: Cisco May Pocket Procket do any of the procket products have scope as a
next-gen broadband aggregation router at the edge?


If you're asking about the current, on-the-price-list products, no, Procket lacks the pertinent interfaces. As a platform that could support such interfaces, yes. The primary question is whether or not it would be interesting at high aggregation levels. Once you fill up that 40Gbps slot, you have a LOT of subscribers to support. If you don't fill it up, is it economical?

Tony
Tony Li 12/5/2012 | 1:35:55 AM
re: Cisco May Pocket Procket >Nah, no need. It'd only get two bids and Ebay >would get an unreasonable cut.

Tony, I would have thought you might be more positive about a company you co-founded and has a promising product/design.

I also have a warped sense of humor.

Tony
netboarder 12/5/2012 | 1:35:56 AM
re: Cisco May Pocket Procket I think the company your friend talks about is Foundry Networks...
net_dude 12/5/2012 | 1:35:59 AM
re: Cisco May Pocket Procket No.
brahmos 12/5/2012 | 1:36:03 AM
re: Cisco May Pocket Procket do any of the procket products have scope as a
next-gen broadband aggregation router at the edge ?
andropat 12/5/2012 | 1:36:04 AM
re: Cisco May Pocket Procket This would be great! Cisco buying Procket. What a complete cluster that would be. There is no way! My guess is Alcatel or Nortel or maybe even.....drumroll....Huwaei???
gotman 12/5/2012 | 1:36:08 AM
re: Cisco May Pocket Procket >Nah, no need. It'd only get two bids and Ebay >would get an unreasonable cut.

Tony, I would have thought you might be more positive about a company you co-founded and has a promising product/design.

itsmike 12/5/2012 | 1:36:09 AM
re: Cisco May Pocket Procket Well, I had heard this rumor about one week ago from a current employee. Apparently they're getting low on cash, which made customers a little worried about them as a "going concern". And according to him the burn rate put the end game in pretty clear sight. So I do not doubt that a deal for Procket is in the works. However, the employee I spoke to was of the opinion that the deal would be done with someone other than Cisco. He wasn't sure about it, but his speculation was focused upon a company in that same smelly neck-of-the-woods. It was a company known for enterprise equipment and a strong track record for making their numbers.
Tony Li 12/5/2012 | 1:36:09 AM
re: Cisco May Pocket Procket Why not sell one falling mighty with the help of the real mighty of internet ?

Nah, no need. It'd only get two bids and Ebay would get an unreasonable cut.

;-)

Tony
Hu LeHoop 12/5/2012 | 1:36:10 AM
re: Cisco May Pocket Procket And to think that all this time I thought it was the dump that made that smell at Procket.

lightbay 12/5/2012 | 1:36:11 AM
re: Cisco May Pocket Procket Why not sell one falling mighty with the help of the real mighty of internet ?
graceful_restart 12/5/2012 | 1:36:12 AM
re: Cisco May Pocket Procket "Risk comes from not knowing what you're doing."
-Warren Buffett
zeudude 12/5/2012 | 1:36:14 AM
re: Cisco May Pocket Procket This is clearly a stop gap acquisition G«Ű as CSCO doesnG«÷t really have a deployable product for the next 18 months G«Ű deploying the 128xx would result in a complete $ write-off within month G«Ű JNPR will eat CiscoG«÷s lunch and this acquisition positioned as an G«£asset acquisitionG«• is an admission of where the CRS-1 stands today vis-+Š-vis the T-640.
Tony Li 12/5/2012 | 1:36:15 AM
re: Cisco May Pocket Procket Nope. No apologies. That was a bubble valuation. That was what the finance community was willing to pay.

Tony
green 12/5/2012 | 1:36:15 AM
re: Cisco May Pocket Procket hi,

at one time procket was rumoured to be valued at over 1 billion. at that time I pointed out the riduculous valuation and said they will only be valued at 4-5 times sales. everyone busted my chops for that remark. if this deal goes thru' can I expect some apologies ???
mu-law 12/5/2012 | 1:36:16 AM
re: Cisco May Pocket Procket The control plane software here would be the gem, and its not clear why that couldnt be ported to other portfolio platforms that are in desparate need of what PRO and CRS are supposed to have...
Abby 12/5/2012 | 1:36:16 AM
re: Cisco May Pocket Procket Procket is a better fit as a next-gen Catalyst 6500.
Tony Li 12/5/2012 | 1:36:16 AM
re: Cisco May Pocket Procket That's not obvious, given what Cisco is claiming for the CRS-1 software.

But my guess is that this is all moot anyhow. Rumors on the street say that this isn't happening.

Tony
reoptic 12/5/2012 | 1:36:18 AM
re: Cisco May Pocket Procket Between 12800, CRS-1, and Procket that's a lot of different platforms. Seems Cisco hedging bets on getting things to work. Pretty confusing for customers though. Lots of products to integrate.

Procket has to be one of the all time over-hyped tales in this industry, to say nothing of the core routing market with all the casualties.
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