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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (833)	2/23/2000 9:40:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 1471

Cabletron Outlines Acquisition Plans -To invest $50-100 mil in India By Hari Menon India Correspondent, asia.internet.com [February 23, 2000--MUMBAI] Global networking giant Cabletron Systems is planning to invest US$50-100 million this year in partnerships and acquisitions in India, with a view to forming strategic alliances with companies operating in IT, telecom and convergence areas. "This is the right time to invest in India, considering that the Internet and e-commerce are growing at a rapid pace," said Piyush Patel, CEO and president of Cabletron. "We are talking to four or five companies, which are not in the IT field, to invest and help them to diversify in the new areas of technology," he added. Though Patel did not specify any names, indications are that high-placed industrial majors such as Tata, Birla or Reliance Corporation could be possible candidates. Cabletron is also planning to acquire systems integrators in India. "We are talking to two or three system integrators and hope to close the deal in six months,"' said Uday Birje, country manager of Cabletron India. On the product side, the company intends to invest in companies that are involved in Voice over IP (VoIP), and wireless and optical switching. These initiatives are the outcome of a restructuring that Cabletron Inc. is going through. The company recently announced its plans to transform its business through the formation of four independent operating companies, effective from March 1. The companies are Riverstone Networks, Enterasys Networks, Global Network Technology Services and Aprisma Management Technologies. Patel said that these independent companies, though subsidiaries of Cabletron, would eventually emerge as four separate publicly traded companies.