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Technology Stocks : Cisco
CSCO 74.42+1.8%9:30 AM EST

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To: Paul Reuben who wrote (335)11/25/2000 5:04:20 PM
From: Uncle Frank  Read Replies (1) of 405
 
>> Didn't Monterey go for $500M+...

You have a better grasp of the facts than Tiernan Ray from SmartMoney.com. The following snippet came from a recent cnet.com article.

Cisco bought Monterey for $500 million in August 1999 as part of an initial acquisition foray into the optical networking market that cost the company close to $8 billion. The company has since also purchased the optical unit of Italian firm Pirelli.

news.cnet.com

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