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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: myturn who wrote (13740)	11/9/1999 5:40:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

(A little something) - Cisco Systems Inc said it will acquire publicly held Aironet Wireless Communications, an Ohio-based developer of high-speed wireless LAN products, for 799 mln usd in stock. Cisco said it expects to take a 3-8 cents one-time charge against after-tax third-quarter 2000 earnings per share in relation to the acquisition. Cisco said the buy furthers its strategy to deliver open standards-based wireless solutions to mobile business environments. Under the terms of the acquisition, each share, option and warrant of Aironet Wireless Communications will be converted to 0.637 shares of Cisco common stock. Cisco said the deal has been approved by the board of directors of each company and is subject to various closing conditions, including approval under the Hart-Scott-Rodino Antitrust Improvements Act and by the shareholders of Aironet. Aironet's product portfolio includes wireless adapter cards and "access points" that interface with wired infrastructures and manage wireless LAN traffic. It has 131 employees. ---------------------------------------------------------------------- CSCO = 74.25 x .637 = 47.30 AIRO = 45.30