Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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From: richardred	8/7/2005 7:08:35 PM
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Cisco mulls buying Nokia- Sunday August 7, 7:56 am ET LONDON (Reuters) - Cisco Systems Inc. is considering buying the world's top mobile handset maker Nokia in a bid to gain its wireless infrastructure technology, the Business newspaper reported on Sunday. The paper, which did not reveal the source of its information, said U.S.-based Cisco had traditionally concentrated on acquisitions of niche technology players, but its Chief Executive John Chambers is believed to be interested in merging with a wireless infrastructure company. "Nokia has been identified as the most likely target," the paper said. Cisco, the largest maker of Internet equipment, is worth around $123 billion, while Nokia's market value is around $71 billion. The paper said Cisco's mainstay networking market was fast changing with the convergence of fixed-line and wireless networks, and Cisco needed a merger to acquire the technology to create intelligent wireless applications, which Finnish-based Nokia could provide. Cisco was not immediately available for comment. A Nokia spokeswoman in Helsinki declined to comment. biz.yahoo.com

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