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

To: DownSouth who wrote (27719)	8/18/1999 9:26:00 AM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

Dow Jones Newswires -- August 18, 1999 DJ Cisco Systems To Buy MaxComm Tech For $143M Stk SAN JOSE, Calif. (Dow Jones)--Cisco Systems Inc. (CSCO) agreed to acquire MaxComm Technologies, a privately held Internet technology company, for $143 million in Cisco common shares. In a press release Wednesday, Cisco said it expects to post a first quarter-charge of 2 cents a share to cover acquired research and development. Nasdaq-listed shares of Cisco closed Tuesday up 3/4, or 1.2%, at 64 1/4. The company has about 3.2 billion shares outstanding. In a separate release Wednesday, Cisco said it made a $49 million, or 4%, investment in Akamai Technologies Inc. Cisco also said it plans to jointly develop with Akamai new content routing, switching and caching technologies. The technologies will improve Web delivery services in order to alleviate Web traffic congestion and reduce response times, Cisco said. Cisco and Akamai will also jointly develop protocols and alogrithms to enhance routing and switching in Cisco's IOS sofware. Cisco reported earning before items for the year ended July 31 of $2.55 billion, or 75 cents a diluted share, on sales of $12.15 billion. Akami operates an Internet content delivery network. Cisco, in a separate release, also said it launched its Asia Pacific Technical Assistance Centre in Sydney, Australia, with a $45 million investment. The facility is one of four global assistance centers for technical maintenance and support services. The center also contains a laboratory for training networking and Internet technology specialists. Cisco develops networking systems for the Internet. interactive.wsj.com