Intel Acquiring Three Optical Networking Companies
Chris Frankie
04/24/01 - 12:39 PM EDT
Intel(INTC Quote) agreed to acquire three companies that produce electrical components used in optical networking equipment.
Financial terms of the acquisitions weren't disclosed. The company acquired
Cognet, which is based in Los Angeles, and
nSerial, Santa Clara, Calif. Both companies develop high-speed electronic components for 10-gigabit ethernet optical modules. Additionally, Intel agreed to buy
LightLogic, Newark, Calif., a provider of highly integrated, high-speed optical equipment.
"The optical networking equipment industry is now segmenting in a way that requires unique solutions for different market segments," Intel said in a statement. "Our communications equipment customers are asking us to integrate high-speed electronic and photonic components into cost-effective building blocks that help them reduce time to market."
Shares of Intel were off 34 cents, or 1.1%, to $29.98 in recent
Nasdaq trading.
