It would be interesting to find out good values for this buffer size. If the output buffer is overcommitted, the switch will start dropping packets on incoming VCs, and senders should reduce their sending rate through normal TCP flow control. Intuitively it seems like a bad idea to increase the size of the feedback loop by using a very large buffer. If you have any opinions on this subject, this might make a nice discussion topic for the mailing list. Type escape sequence to abort.
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The configuration of the LS1010 switch as an IP client over the SVC network is almost identical to the configuration of the 7500 router.