Optical components

CyOptics: Not Dead Yet

5:45 PM -- Right now is probably the wrong time for a company to vanish from the Web.

For the past couple of days, the CyOptics Inc. Website has been unresponsive, behaving as if -- well, as if it were killed off.

Ali Abouzari, VP of marketing, returned a Light Reading call today to say that everything's fine, and that he'd been on the road and unaware of the site being down. It's being worked on, as IT types say.

Separately, though, a reader points out that Pirelli SpA (Milan: PECI.MI) wants to sell its 34.5 percent stake in CyOptics -- one of a few telecom investments Pirelli is trimming, it appears. Pirelli invested $20 million in CyOptics in 2008, as the companies paired up to work on integrated photonics. (See Pirelli, CyOptics Team.) We'll try to get a status report on that alliance.

— Craig Matsumoto, West Coast Editor, Light Reading

olsen 12/5/2012 | 4:09:59 PM
re: CyOptics: Not Dead Yet I know about another company having a clear path towards integrated photonics. Their website is not down.
Where's the LR focus these days?
Pete Baldwin 12/5/2012 | 4:09:58 PM
re: CyOptics: Not Dead Yet So, I've talked with CyOptics, and here's the Pirelli deal: Pirelli has to file papers ahead of time to say it's even considering selling certain assets, such as the CyOptics stake. Talking to CyOptics CEO Ed Coringrato, he knows of no such plans for Pirelli to do so -- he's describing it as a routine "just in case" kind of filing.
HomerJ 12/5/2012 | 4:09:54 PM
re: CyOptics: Not Dead Yet who cares about a boring company that has a website that works? we want dirt man!
^Eagle^ 12/5/2012 | 4:09:51 PM
re: CyOptics: Not Dead Yet Vent,

Thanks for the update. Very interesting.

Vent 12/5/2012 | 4:09:51 PM
re: CyOptics: Not Dead Yet Word is that the ex Pirelli Optics (PGT Photonics) part of Cyoptics is now virtually shut down with the production moved to mexico and the R&D now on short time working.
What about the stake Pirelli has in Avanex

deauxfaux 12/5/2012 | 4:09:43 PM
re: CyOptics: Not Dead Yet Got the same sort of insight from a soon to be Ex-CyOptics guy. Pirelli is backing away from all of its science projects
fabius 12/5/2012 | 4:09:39 PM
re: CyOptics: Not Dead Yet The news about Pirelli cyoptic are incorrect
As far as today Pirelli is one of the investor in Cyoptic
The components modules systems production is in Italy
There are more than 100 people in R/d in Milano in PGT photonic
fabius 12/5/2012 | 4:09:29 PM
re: CyOptics: Not Dead Yet Vent
As far as today the production is in fact in Aosta Italy
As far as the R/D is concerned there is temporary reduction of people but long hours working
Vent 12/5/2012 | 4:09:29 PM
re: CyOptics: Not Dead Yet Fabius
The production was not in milan but in Aosta Italy
Milan R&D is not shut (yet)but on short time working

Vent 12/5/2012 | 4:09:28 PM
re: CyOptics: Not Dead Yet

The full transcript of what my source who works for PGT said was that

Cyoptics have duplicated the line from Aosta in mexico and are producing the standard products now in mexico. Aosta is continuing to produce some non standard products which need more eng effort but have no visibility and notices of short termworking have been given. In the R/D site at Milan all but around 15 staff are on short term working. Maybe my source is just pessimistic but thatis the word from someone who work there



Sign In