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" ... Well, as we said earlier, while some of the largest cloud companies/carriers might be chasing down specific solutions that work for their specific needs, the broader market is looking for something that will drive the right economics, and PAM4 looks like the better option in that realm. In a recent presentation with AppliedMicro, MACOM, an optical manufacturer, indicated that some of their products have been in testing with Cisco Systems. As the de facto market driver, if Cisco Systems productizes 400GbE using single wavelength PAM4 optical, then we can expect the broader enterprise market to gather momentum behind that standard. Right now 56Gb optical with PAM-4 has been demonstrated and the feasibility of achieving 106.25Gb over a single wavelength would signal the ability to get to 400Gb in commercial products down the road. ... "