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Cisco funds developer of chips for optical networks

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CIOL Bureau
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SAN FRANCISCO: Internet networker Cisco Systems Inc. and others provided $30

million to Quake Technologies Inc., the start-up said on Wednesday, noting it

will boost its fabless semiconductor research and delivery.

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Based in San Jose, California and Ottawa, Ontario, year-old Quake develops

integrated circuits for optical networking applications in order to speed

transmissions and increase bandwidth.

Quake's chief product, now in beta-testing, is 10 times faster than other

physical-layer chips in development, company chief executive Dan Trepanier told

Reuters. According to Trepanier, Quake, now funded by investors with a total of

$48 million, expects to reach profitability with its latest funding.

The start-up's investors expressed confidence its chips will help optical

networks scale dramatically in performance, leading to healthy sales for Quake.

Joining Cisco in the $30 million investment, the second institutional funding

round for Quake, were Mitsubishi International Corp., Bowman Capital, Mohr,

Davidow Ventures and Emerging Alliance Fund.

(C) Reuters Limited 2001.

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