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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (36622)12/14/2000 8:30:19 PM
From: Eric L   of 54805
 
Re: CSCO (ExIO) - Evolving Wireless Strategy - CDMA

>> Cisco Shops 'Til The Others Drop

Ouida Taaffe
Total Telecom
14 December 2000

Cisco has just announced the 22nd of a planned 25 acquisitions for this year with the purchase of ExiO Communications for US$155 million in stock.

ExIO is a producer of in-building, wireless technologies for corporate networks on the CDMA (code division multiple access) standard. The acquisition is said to be part of Cisco's "New World Strategy" for in-building wireless markets that use CDMA technology.

Cisco seems to be both watching the pennies and covering most of the Internet bases with its acquisition strategy. The start-ups it has acquired this year offer everything from wireless LAN, to IP-enabled storage area networking technology. Cisco estimates that mobile wireless Internet will have more than 1 billion subscribers by 2004.

ExiO Communications was founded in October 1999 and has 38 employees, of whom 28 are based in San Jose, California, and 10 in Seoul, South Korea. <<

- Eric -
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