cisco has money to burn.
Cisco Acquisition
VANCOUVER, BRITISH COLUMBIA, Aug 23, 2001 (INTERNET WIRE via COMTEX) -- Among the wide range of North American stocks available to EquityAlert.com's news alert subscribers, a FREE service available at www.equityalert.com, was Cisco Systems, Inc., (NASDAQ: CSCO chart, msgs), which rose on news of its acquisition of AuroraNetics, Inc.
Cisco Systems, Inc., announced it completed the acquisition of privately held AuroraNetics, Inc. of San Jose, California, the Company develops of 10 Gigabits per second (Gbps) silicon technology for metropolitan fiber networks.
AuroraNetics' silicon technology is used in data-optimized fiber rings known as Resilient Packet Rings. The acquisition of AuroraNetics complements Cisco's existing RPR-based products (known as Dynamic Packet Transport) by enabling the technology to scale from the current 2.5Gbps up to 10Gbps. This acquisition is being accounted for as a purchase |
