Business Services Industry
Lucent Close to Selling Hyannis, Mass., Network Switch Maker to Illinois Firm.
Knight Ridder/Tribune Business News, May, 2003
By Ethan Zindler, Cape Cod Times, Hyannis, Mass. Knight Ridder/Tribune Business News
May 5--A mainstay of the Cape's technology industry could be sold by the end of the week for as little as 1/1000th of what it was valued at just four years ago.
Lucent Technologies is in the final stages of negotiations to sell off its Hyannis-based Excel Switching division to Airslide Systems, an Illinois-based telecommunications firm, according to sources close to Lucent.
Excel currently employs approximately 140 workers locally. The division develops programmable switches, which are used in voice and Internet protocol networks.
Spokesmen for both Lucent and Airslide declined to officially confirm or deny the negotiations or potential...
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