VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dealer who wrote (1814)	9/16/2000 8:51:21 PM
From: Dealer	Read Replies (1) of 65232

CISCO--Net2Phone plans unit spin-off; Cisco to invest By Ben Heskett Staff Writer, CNET News.com September 15, 2000, 5:25 p.m. PT Internet-based voice company Net2Phone on Monday will announce plans to spin off a portion of its business into a new venture called Adir Technologies, according to sources close to the company. The spinoff, which will focus on licensing Net2Phone's Internet voice software to companies, will include a minority investment from networking giant Cisco Systems, according to sources. News of the new company will quell an active rumor mill in recent weeks that hypothesized that Net2Phone and Cisco would embark on a joint venture. Net2Phone's stock was up more than 6 percent today on rumors of the venture. A Net2Phone representative could not immediately be reached for comment. A Cisco spokesman declined to comment. AT&T was among several firms that invested $1.4 billion in Net2Phone this past March. Net2Phone is a combination of a software company and Internet-based long-distance voice provider. All or at least part of the company's software business will be part of Adir Technologies, sources said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next