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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony

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To: Frank A. Coluccio who wrote (491)	5/4/1998 2:35:00 PM
From: dreydoc	Read Replies (1) of 3178

>>With the arrival of VoIP, however, this interest will undergo a rebirth, and new equipment standards and products will again focus on the analog side of the equation once again. Keep your eyes open for analog and digital test set manufacturers who specialize in VoIP test and measurement! << Frank, Wonder if manufacturers might find a nice recipe by watching what's cooking at Cisco... ;-) SAN JOSE, Calif.--(BUSINESS WIRE)--May 4, 1998--Cisco Systems, Inc. (NASDAQ:CSCO) today announced it has signed a definitive agreement to acquire privately-held CLASS Data Systems of Ra'anana, Israel and Cupertino, California. CLASS Data's software solutions enable policy-based quality of service in Internet Protocol (IP) networks. Under the terms of the acquisition, shares of Cisco common stock and cash with an aggregate value of $50 million will be exchanged for all outstanding shares and options of CLASS Data. In connection with the acquisition, Cisco expects a one-time charge against after-tax earnings of between $.02 and $.04 per share for purchased in-process research and development expenses in the fourth fiscal quarter of 1998. The acquisition is expected to be completed by the beginning of June and is subject to certain closing conditions. This represents Cisco's first acquisition of a company in Israel. Cisco Increases Leadership in Policy Networking As networks become more complex, enterprise customers are looking to establish quality of service across IP networks using policy networking, an architecture that gives network administrators the ability to classify and prioritize network data traffic. This acquisition enhances the recently announced CiscoAssure Policy Networking initiative and will enable Cisco to offer quality of service as an end-to-end network solution. CLASS Data's products give network managers the ability to allocate network resources according to company policies and priorities. Such control capabilities mean business-critical applications are assured timely, high-quality network transport. CLASS Data has 34 employees and was founded in 1996. CLASS Data's engineering team will remain in Israel and will become part of Cisco's Enterprise line of business. Arad Naveh, CLASS Data's President and CEO, and his marketing team will be located in San Jose.

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