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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.75-0.5%3:59 PM EST

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To: Chuzzlewit who wrote (24242)4/8/1999 10:10:00 AM
From: Zoltan!  Read Replies (1) of 77397
 
Thursday April 8 9:45 AM ET

Cisco Buys Telecom Equipment Makers

SAN JOSE, Calif. (Reuters) - Cisco Systems Inc. (Nasdaq:CSCO - news) said Thursday it agreed to buy two companies for a combined total of $445 million worth of stock, boosting its ability to help telephone companies upgrade their networks to handle more voice and data traffic.

Cisco, the dominant provider of routers for Internet traffic, said it would buy Fibex Systems and Sentient Networks, which make equipment that support the asynchronous transfer mode (ATM) standard.

dailynews.yahoo.com
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