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Technology Stocks : Wind River going up, up, up!
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To: Allen Benn who wrote ()3/16/2000 8:57:00 AM
From: w2j2   of 10309
 
This move by Cisco seems to validate Wind's efforts to enter (and dominate) the remote management of internet appliances:

SAN JOSE, Calif.--(BUSINESS WIRE)--March 16, 2000--Cisco Systems,
Inc., today announced a definitive agreement to acquire privately-held
InfoGear Technology Corporation of Redwood City, Calif.
InfoGear is a leading provider of Internet appliances and software
used to manage information appliances. This acquisition underscores
Cisco's New World strategy to deliver end-to-end solutions for service
providers and other customers to deploy advanced data, voice and video
services.
Under the terms of the agreement, Cisco common stock with an
aggregate value of approximately $301 million will be exchanged for
all outstanding shares and options of InfoGear. Cisco currently holds
a minority stake of 8% in InfoGear. This acquisition will be accounted
for as a pooling of interests and is expected to close in the fourth
quarter of Cisco's fiscal year 2000.
The acquisition has been approved by the board of directors of
each company and is subject to various closing conditions.
Cisco is acquiring InfoGear to offer service providers,
consumer-based businesses and vertical markets a comprehensive
solution to deliver and manage services to multiple types of
information appliances. InfoGear's hardware and software, designed to
be integrated into information appliances, will allow our customers to
remotely manage and upgrade information appliances from a central
location, deliver customized content to any information appliance and
offer advanced New World integrated services.
InfoGear was founded in 1995. The 74 employees will be led by
InfoGear CEO Ed Cluss and will join Cisco's Small and Medium Line of
Business led by Senior Vice President Charles Giancarlo.
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