SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: Rappin1 who wrote (15692)11/14/1999 7:43:00 AM
From: Ron Ohio  Respond to of 26039
 
Snippets from the Akron Beacon Journal today on Cisco's
buy-out of Aironet.

<< Silicon Valley company has been seeking inroads in wireless technology. >>

Cisco stated they have been interested in wireless but it has always been to slow. But an Akron company, Aironet, finally had the answers. Its system was fast and was gaining attention at trade shows. (Sound familiar?) It was bought out by Cisco this past Tuesday for $790 million. Presto! Cisco owned a fast working system for wireless that could be fitted into its Internet servers and routers, within months.

"Our customers (Mot??) just started telling us more and more about how they were going to move forward with wireless plans and Cisco had better move forward or we wouldn't be in the game".

Cisco could have started from scratch and engineered its own wireless devices, but that looked like a long and costly process. Buying Aironet, while it still wasn't too pricey, was the cheapest and quickest way to get into an excellent wireless system. (Sound familiar?)

Aironet was established in 1993 as a division of Telxon. As it struggled though the research for a practical wireless technology, it also worked to help the industry set standards. (Sound familiar?) In July it was spun off of Telxon as a publicly traded company.

Ron