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Heb81 12/5/2012 | 1:33:56 AM
re: Cisco to Pay $89M for Procket Assets Juniper buys Caspian Networks?
reoptic 12/5/2012 | 1:33:56 AM
re: Cisco to Pay $89M for Procket Assets hey if they are using all the asics the software etc. that is basically all the guts of the router. now they are talking about reusing all the guts of the procket box a few weeks ago it was all about reusing all the crs-1 development...all of it is totally incompatible with each other and with GSR series. This is one of the great cluster [email protected]#$$ in silicon valley history. Appears they announced CRS-1 only to bury it...very Shakesperean.
opticalwatcher 12/5/2012 | 1:33:55 AM
re: Cisco to Pay $89M for Procket Assets Either it was pure genious or it was a stunning admission of failure!

First of all, people seem to forget (or don't realize) that Cisco helped to start Procket. Lets look at history: was their purchace of Andiamo a failure? Not!

Anyway, if you develop an idea and someone else develops the same concept, but does some parts even better (and spends $300million doing it), you can buy it for cheap or you can have a shortsided Not-Invented-Here attitude.

Having a NIH attitude would be a sure sign of failure.
whyiswhy 12/5/2012 | 1:33:51 AM
re: Cisco to Pay $89M for Procket Assets Like a number of other start-ups in the valley, Procket was a calculated move by the sponsoring company (Cisco in this case) to leverage VC funds for their own R&D.

Why? Simple: Corporate investor = built-in exit. If the bubble continued, they (VC's and Cisco)would both have gotten very rich.

Today's reality: The corporate investor has to be generous to their old partners (the VC's) if they ever expect them to play along again. That means if there is something left worth dealing about, the value will be a longs ways from zero.

Procket is a success story, calibrating for the present state of the telecom hardware industry. Jobs and assets? It ain't pretty, but its a long ways from a train wreck.

-Why
lightbay 12/5/2012 | 1:33:50 AM
re: Cisco to Pay $89M for Procket Assets Buyout of Procket marks an end to any new router startup, forever. So it will be Cisco, Juniper, and few other public companies in this space. Juniper may buy out Extreme | FDRY | ...

It will be like the car industry going forward, big 3 or big 4 ... plus some foreign companies.
nullpacket 12/5/2012 | 1:33:50 AM
re: Cisco to Pay $89M for Procket Assets Chambers might trump them again, looks like he has his eyes on Nortel http://biz.yahoo.com/rc/040617...
nyc 12/5/2012 | 1:33:50 AM
re: Cisco to Pay $89M for Procket Assets Cisco is an investor and therefore a shareholder of procket... So does part of the 89Mil go back to them?
opticalwatcher 12/5/2012 | 1:33:49 AM
re: Cisco to Pay $89M for Procket Assets Cisco and Nortel?

What the heck. If Juniper can do it to Lucent (oops, I should have said 'with Lucent') then Cisco can do it with Nortel.
whyiswhy 12/5/2012 | 1:33:49 AM
re: Cisco to Pay $89M for Procket Assets Not likely. Asset deal means Procket is going into or through some form of bankruptcy. In deals like this, the value is mostly NET to other investors...with some amount to the creditors. My guess is selected creditors will get some of it, since it appears Cisco wants to use the chips. Key employees that are staying on might get some form of carve out / bonus to stick.

Note: If you are deemed a key employee, you are no longer an at-will employee, you will have an employment contract that IS enforceable. Read that contract, and have your personal attorney look it over. Cisco should pay reasonable attorney fees. Or tell them to f-off.

Been there, been burned.

-Why
test head 12/5/2012 | 1:33:48 AM
re: Cisco to Pay $89M for Procket Assets Mabe Cisco is just spending $89M to keep the technology from Huawei. Not too bad when you look at it from this angle.

test head...
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