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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.34

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3:48 PM EST

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To: bambs who wrote (47300)	1/26/2001 12:28:08 PM
From: Tulvio Durand	Read Replies (2) of 77400

In company specific news, Cisco agreed today to pay Softbank $475 million in cash for a stake in Asia's biggest investor in online companies. Cisco will provide $1.05 billion for a venture capital fund for Softbank to invest in Asian companies involved in broadband and wireless Internet technology, key customers for Cisco's routers and switches. The agreement gives Softbank a much-needed cash infusion and Cisco a closer partnership with a key investor in the fastest-growing market for broadband Internet services. Softbank and Cisco are betting that the demand for broadband technology is about to explode in Asia. The new Softbank Asia Infrastructure Fund is ready! ... excerpted from NetBulls.com newsletter dated 1/25/01

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