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Technology Stocks : Cisco

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Curtis E. Bemis who wrote (132)	7/28/2000 4:22:23 PM
From: The Phoenix	Read Replies (1) of 405

Nortel continues to attempt to shift the action to Cisco's field of play in reaction to Cisco's attempts to penetrate the optical space. biz.yahoo.com Morningstar.com Nortel Fills Gap with $7.8 Billion Alteon Purchase By Jay Ritter Nortel Networks (NYSE: NT - news) is stealing a page from Cisco Systems' (Nasdaq: CSCO - news) playbook with its $7.8 billion purchase of Alteon (Nasdaq: ATON - news), a provider of Web switching equipment. Earlier this year, Cisco purchased a rival firm, Arrowpoint, for $5.7 billion. While the high price may induce sticker shock in some investors, Nortel appears to be paying about the going rate for what looks like a smart strategic investment.

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