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

To: JRH who wrote (27309)	8/10/1999 4:39:00 AM
From: Freeflight	Read Replies (2) \| Respond to of 77400

did cisco invest in kpmg before or after lucent rumour to buy ins? Lucent is expected to announce Tuesday that it will buy California-based International Network Services, according to the Wall Street Journal. Lucent will acquire the computer networking consulting firm in a deal valued at $3.7 billion, said the Journal report, citing unnamed sources familiar with the matter. Officials from Lucent, based in New Jersey, could not be reached for comment. Lucent could benefit from INS's data networking expertise. The Sunnyvale, Calif.-based company helps its customer design and install computer networks, and provides intranet management. For the fiscal year ended June 30, INS reported net income of $25.4 million, or 41 cents a diluted share, on revenue of $315 million. INS revenue grew 82 percent from $172 million in the preceding fiscal year. According to Hoover's Online, networking equipment giant Cisco has a minority stake in International Network Services. Terms of the deal were not clear. If structured as an all-stock deal, the Journal said the INS (INSS: news, msgs) purchase be worth $58 an INS share, a 22 percent premium over INS's Monday closing price of 47 7/16, up 1 3/8 on the Nasdaq Stock Market. Lucent has made several recent acquisitions of computer networking companies. In June, the company completed a $24 billion purchase of Ascend Communications Inc. and a $972 acquisition of closely held Nexabit Networks Inc. Lucent (LU: news, msgs) rose Monday 5/16 to 63 5/8. I wonder if cisco invested in kpmg before or after lucent rumour to buy ins?