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ADC Sells Cable Assets to C-COR.net

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MINNEAPOLIS, July 11 -- ADC Telecommunications Inc. has sold some of its cable assets to C-COR.net, a broadband services provider, for about $32 million in cash, in its continuing effort to focus on core businesses. Under the deal, C-COR.net also will assume certain liabilities, including ADC's ongoing warranty and service obligations for these product lines, Minneapolis-based ADC said. The sale included ADC's Optiworx family of transport products for hybrid fiber/coaxial applications and a line of uncompressed digital video products.     ADC said the sale is expected to close by late August...Read full article

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    Published: July 2001
    CommunicationsNews & Features

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