Cisco (CSCO) announces its intention to buy privately-held Lightwire for $271M in a deal that is...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) announces its intention to buy privately-held Lightwire for $271M in a deal that is slated to completed in its FQ3. The firm say the acquisition will help boost its optical interconnect technology for high-speed networking applications. Shares +0.2% premarket.