Update: Ciena expands Net reach with Cyras buy

Moving deeper into one of the hottest networkingmarkets, optical equipment maker Ciena on Tuesdaysaid it has agreed to buy privately held Cyras Systemsin a stock deal valued at about $2.6 billion.

Moving deeper into one of the hottest networking markets, optical equipment maker Ciena on Tuesday said it has agreed to buy privately held Cyras Systems in a stock deal valued at about $2.6 billion.

Ciena said Cyras' family of products will help extend its reach from the core of service provider networks to metropolitan access and other large customer networks. Full story. -- Melanie Austria Farmer, Special to ZDNet Inter@ctive Investor

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