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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony
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To: Stephen B. Temple who wrote (1554)10/22/1998 6:56:00 AM
From: Stephen B. Temple  Read Replies (3) of 3178
 
Cisco Ventures In Voice




October 22, 1998



Inter@ctive Week via NewsEdge Corporation : With more telephony-related acquisitions likely in store, Cisco Systems Inc. is pressing further beyond its traditional data networking realm through its purchase last week of Selsius Systems Inc., a maker of private branch exchange phone systems that work over Internet Protocol networks.

Cisco Chief Executive Officer John Chambers said he expects the company to make about a dozen acquisitions per year; the Selsius deal, valued at $145 million in cash and stock, is Cisco's eighth purchase to date for the year.

Moving forward, Cisco (www.cisco.com) is in a position to acquire additional voice communications companies, said Virginia Brooks, an analyst at the Aberdeen Group Inc. research company in Boston.

Cisco said the acquisition of Selsius (www.selsius.com) will let it develop more intelligent Internet Protocol phone handsets and build call processing technology.

Telephony is a new front that clearly is unfamiliar to Cisco, which is known for its data expertise.

"That's why this is an important and bold move for us," said Peter Alexander, vice president of enterprise networking at Cisco.

In July, Cisco acquired programmable switch vendor Summa Four Inc., another indication of Cisco's emphasis on integrated voice and data networks.

Also last week, Cisco and AT&T Corp. announced that Cisco's resellers will offer their business customers AT&T Internet services.

<<Inter@ctive Week -- 10-19-98>>

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