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Optical/IP

Cisco Targets Korea

9:05 AM -- Cisco Systems Inc. (Nasdaq: CSCO) is setting up a $32 million venture fund in Korea, according to The Wall Street Journal yesterday.

It's part of Cisco's five-year plan to invest $2 billion in Korean tech companies -- just as it's spending in China and India. It's Cisco's way of making friends and getting itself known in a particular market. (See Cisco Hearts India, Cisco's Triple Play, and Cisco Doubles Down on China.)

Korea makes a lot of sense. Where else can Cisco's dream world of massive, continual video transmission over broadband come true quickly? OK, Japan. But Cisco's pretty well known there already. (Note the NTT Communications Corp. (NYSE: NTT) namedropping here: Cisco Takes Hold of the Edge.)

— Craig Matsumoto, West Coast Editor, Light Reading

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