Procket's Other Assets Hit the Block
Well, now it can all be yours! Or part of it, anyway. The innards of Procket's Milpitas, Calif.-based manufacturing facility are going up for auction via the Web on November 16 at 9:00 a.m. Pacific time.
The auction totals 1,680 items, including a nice collection of high-end routers from Cisco, Extreme Networks Inc. (Nasdaq: EXTR), and Juniper Networks Inc. (Nasdaq: JNPR), as well as piles of test equipment and pages' worth of servers from Dell Inc. (Nasdaq: DELL) and Sun Microsystems Inc. (Nasdaq: SUNW).
Ofcourse, there's the usual office equipment as well, and (just in time for Christmas!) a big ol' stack of used keyboards and mice. ("Please inspect," indeed.)
Believed to have raised more than $300 million in funding, Procket understandably managed to amass lots of stuff and Cisco wanted almost none of it. Cisco's all-cash buy targeted Procket's intellectual property and some engineers, but it was clear that Cisco had no intention of continuing the Procket product line -- at least not the way Procket built it (see Procket Stuffing Its Pocket and Procket Reaches 'End of Life').
— Craig Matsumoto, Senior Editor, Light Reading
For the latest intelligence and analysis of next-generation telecom market opportunities, check out the coming Light Reading Live! event: Light Reading's Telecom Investment Conference, at the exclusive Plaza Hotel in New York City, on Wednesday, December 15, 2004.