Making Money is Main Objective Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Making Money is Main Objective

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Softechie who started this subject	7/11/2001 4:32:32 PM
From: Softechie	of 2155

Cisco Systems Agrees to Buy AuroraNetics in Stock Swap A WALL STREET JOURNAL ONLINE News Roundup SAN JOSE, Calif. -- Cisco Systems Inc. agreed to acquire closely held AuroraNetics Inc. for as much as $150 million in stock. The acquisition will be accounted for as a purchase and is expected to close in the first quarter of Cisco's fiscal year 2002. In connection with the acquisition, Cisco expects a one-time charge for purchased in-process research and development expenses of less than one cent a share. The acquisition has been approved by the boards of both companies and is subject to various closing conditions. Cisco said the acquisition of the San Jose, Calif., developer of 10 gigabits-per-second silicon technology will enhance its development of high-end routing technologies designed to address growth of data traffic in the metropolitan network environment. AuroraNetics (www.auroranetics.com) was founded in 2000, and is backed by incubator Raza Foundries. Raza, started by chip executive S. Atiq Raza, in turn is funded by Benchmark Capital, Technology Crossover Ventures and Bowman Capital Management

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next