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  1. That was extremely smart of them. i had no idea they were still in that business in those years.

    We had a client sue us at US Trust because the portfolio manager SOLD CSCO just before the bubble burst!!!!

  2. DIBS;

    Actually, Pirelli came out smelling like a rose. They sold half of their FO business to Corning, and the other half to Cisco, at the height of the dot-com bubble. In both transactions, they were paid cash, not over-valued stock.

  3. For those wondering how Pirelli would get involved in fiber optics: the manufacture of tires and cables is very similiar, both involving interweaving and extrusion processes. Pirelli has long been involved in the cabling business, though they sold that division a few years ago. Ergo, cables===> fiber optics.

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