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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (26689)	6/29/1999 11:32:00 PM
From: puborectalis	Respond to of 77400

SmartMoney pick Cisco Systems said Tuesday that it will buy privately-held StratumOne Communications for $435 million. The California-based firm makes silicon semiconductor technology that enables service providers to build next-generation high-speed data networks. Cisco said the acquisition, which strengthens its existing relationship with StratumOne, will speed up the rollout of integrated data, voice and video services. Cisco acquired a minority interest in StratumOne last January. StratumOne is one of the first companies acquired by Cisco to focus solely on providing a complete chip-set for very-high speed routing capabilities, says Erik Suppiger of Hambrecht & Quist. The acquisition is part of Cisco's much larger, longterm strategy to help service providers migrate from Old World, circuit-based networks to New World packet-based networks, said the analyst. The movement towards packet-switching technology is part of Cisco's plan to further differentiate itself from more traditional telecom equipment providers such as Lucent and Nortel, explains Suppiger.