Ibexx, hi! Another article on the CSCO KPMG deal at forbes.com
excerpts:
>>It's a way for Cisco to deliver the services without
having all the expense" of hiring, training and running
a service business on its balance sheet, says Chris
Stix, an analyst with SG Cowen Securities who rates
Cisco a "strong buy."
>>Cisco will make the investment in January 2000.
Once it does, Cisco will own 20% of the new KPMG
unit, which will then set up six Internet-based service
centers, in Washington, D.C., Dallas, New York,
Silicon Valley, Europe and Asia, Cisco spokesman
Doug Wills says.
>>The investment agreement also calls for Cisco to
supply the KPMG unit with switches, routers and
other hardware. Once the unit is fully operational,
Stix predicts it could generate between $1.5 billion
and $3 billion in annual sales. |
