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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

Nov 10 3:59 PM EST

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To: The Phoenix who wrote (18221)	10/15/1998 10:10:00 PM
From: Sonki	Read Replies (1) of 77397

Gary, with target of $72 in mind i loaded up csco @43 last week.. It's in my ira, and very tempted to unload.. CISCO SYSTEMS INC agreed to buy closely held Selsius Systems Inc for $145 mln in stock and cash, to better compete with rivals LUCENT TECHNOLOGIES and NORTHERN TELECOM. The planned acquisition, which Cisco announced late Wednesday, marks the first time the company has bought a maker of telephone equipment, and shows that Cisco is taking more direct aim at the $8 bln-a-year PBX market. (Reuters 01:25 AM ET 10/15/98) For the full text story, see full story

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