No, we're not talking about the 'hibernation' strategy that was popular during the downturn. (See Bear Market Inspires Hibernation.) Big Bear is closing up shop after selling its assets in two deals. "
Most of the products, including the Kodiak 40-Gbit/s transponder, were ambitiously high-end, but they worked, Celentano laments. "I'll never quite understand how we didn't get a better valuation."
Big Bear never disclosed its customers but did win a supplier award from Cisco Systems Inc. (Nasdaq: CSCO - message board). Big Bear was getting revenues from 12 different customers, Finisar CEO Jerry Rawls told analysts on a conference call today.
$1.9m in cash deal. OUCH!
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