Also
- Share via
* Fiber-optic equipment maker Corning Inc. said that it had joined forces with Cisco Systems Inc. to make optical equipment for the Internet. Financial analysts said the companies had been talking for some time about making products that combine Corning’s optical fiber with Cisco’s leading position in providing Internet protocol networks. Corning, which controls about half the world market for fiber-optic cable, rose $7.50 to close at $66.50 on the NYSE. San Jose-based Cisco rose $2.75 to close $53.13 on Nasdaq. Terms of the transaction were not not disclosed.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.