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Non-Tech : Amati investors

AMTX 1.690

+2.7%

Nov 26 3:59 PM EST

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To: Frank Ferrari who wrote (30648)	3/10/1998 9:30:00 AM
From: MangoBoy	Read Replies (2) of 31386

[Cisco Plans To Acquire ADSL Concern NetSpeed For $236 Million] WSTL should have done this as soon as the AMTX deal fell through. mark --- NEW YORK -(Dow Jones)- Computer-networking giant Cisco Systems Inc. Tuesday said it has agreed to acquire privately held NetSpeed Inc., a developer of gear based on the speedy asymmetrical digital subscriber line, or ADSL, technology, in a stock deal worth about $236 million. Cisco will exchange between 3.7 million and 4 million shares to acquire Austin, Texas-based NetSpeed. Based on Cisco's closing stock price of $61.22 Monday, Cisco said the stock exchanged would be worth $236 million. Cisco expects to post a charge of between 13 cents and 18 cents a share against fiscal third-quarter results. The deal is expected to be completed by April subject to various closing conditions. San Jose, Calif.-based Cisco (CSCO) is the world's largest maker of networking equipment and acquired several companies in recent years. Cisco's equipment - routers, hubs, switches and the software that controls them - are the most popular tools that companies and Internet-service providers use to manage electronic traffic in computer networks. About 85% of the routers used to decipher and direct data traffic on the Internet are made by Cisco. The company is trying to expand its sales base by moving into new areas such as the high-end equipment used by telephone companies to transmit phone traffic and the low-cost networking devices needed by small offices and even homes. In particular, Cisco is moving quickly into markets involving the integration of voice and data networks. Most of the attention surrounding ADSL has been in regard to the technology's promised ability to speed up the delivery of Internet information by increasing the data-carrying capacity of traditional copper telephone wires. Telephone companies hope ADSL-based modem services will challenge cable television companies that aim to offer high-speed Internet access based on cable lines. ADSL promises to let customers download Internet pages as much as 50 times faster than traditional analog modems.

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