Cisco sells off optical manufacturing unit

Cisco Systems, in cost-cutting mode after reporting a US$2.7 billion net loss for its last quarter, has sold off some optical networking production operations in South Carolina to a contract manufacturing firm. Milpitas, Calif.-based Solectron. last week said it bought the Cisco operations, which manufacture optical networking modules that support dense wave division multiplexing and other technologies.

Solectron said it will take over manufacturing and testing of the modules for Cisco for at least the next two years and assume some new-product introduction responsibilities.

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