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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.75

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To: stockster who wrote (24025)	3/30/1999 1:20:00 AM
From: Jorj X Mckie	Read Replies (1) of 77397

Stockster, ----------------------------- SAN JOSE, Calif. -- November 18, 1998 -- Cisco Systems, Inc. today announced it has completed the acquisition of Clarity Wireless Incorporated of Belmont, Calif. On September 15, 1998, Cisco Systems announced a definitive agreement to acquire privately held Clarity Wireless Incorporated. This acquisition provides Cisco with fixed wireless technology, which complements Cisco's current last mile solutions including dial, xDSL and cable. Under the terms of the acquisition, shares of Cisco common stock were exchanged for all outstanding shares and options of Clarity Wireless Incorporated. In connection with the acquisition, Cisco expects a one-time charge against after-tax earnings of between $.06 to $.09 per share for purchased in-process research and development expenses in the second fiscal quarter of 1999. About Cisco Systems Cisco Systems, Inc. (NASDAQ CSCO) is the worldwide leader in networking for the Internet. News and information are available at cisco.com.

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