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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.32-0.1%Jan 30 9:30 AM EST

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To: RetiredNow who wrote (58331)3/8/2002 4:31:36 PM
From: puborectalis  Read Replies (2) of 77400
 
Separately, shares in Sonus Networks Inc. jumped after a report said networking giant Cisco Systems Inc. could acquire the smaller company.

Sonus shares rose 46 cents, or about 14 percent, to $3.74 in heavy afternoon trading on the Nasdaq. Cisco was up 79 cents, or 4.6 percent, to $17.79 in Nasdaq trading.

A Cisco spokeswoman said the company, which has repeatedly said it will make eight to 12 small acquisitions this year to add products and services, does not comment on market rumors. Sonus officials were not immediately available.

Optical networking Web site Light Reading (www.lightreading.com) said on Thursday the two companies were in talks that could lead to an acquisition by Cisco, which has $21 billion in cash and equivalents.

Analysts rate Sonus, which builds voice-over-Internet Protocol gateways for telephone companies to carry voice traffic over packet-based networks, as one of the more attractive targets in a sector expected to consolidate.
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