eric, i agree with u, csco now trades @ a lower pe then dell and has a higher growth. so there should be plenty of room left to climb!
.02 charge next qurter i guess ?
cisco buys networking software firm for $50 mln
SAN JOSE, Calif., May 4 (Reuters) - Cisco Systems Inc., in
its latest of a string of acquisitions, said on Monday it
agreed to buy privately-held Class Data Systems, an Israeli
networking software firm, for $50 million in cash and stock.
The acquisition would give Cisco, the world's biggest maker
of computer networking devices, more expertise in software
products that prioritize the flow of sensitive information
through a computer network, the company said.
Of the $50 million purchase price, Cisco will give about 80
percent cash and 20 percent stock, a Cisco Spokeswoman said.
Cisco said it also expects to take a one-time charge of between
2 to 4 cents a share in its fiscal fourth quarter to cover the
expense. The acquisition will be completed by the beginning of
June. |
