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

To: Howard Feinstein who wrote (35472)	5/12/2000 8:26:00 AM
From: TechMkt	Respond to of 77398

Friday May 12, 8:04 am Eastern Time Company Press Release Cisco Systems to Acquire Qeyton Systems Metropolitan DWDM Technology Expands Cisco's Optical Solutions Portfolio SAN JOSE, Calif.--(BUSINESS WIRE)--May 12, 2000--Cisco Systems today announced the acquisition of privately-held Qeyton Systems based in Stockholm, Sweden. Qeyton is the developer of Metropolitan Dense Wave Division Multiplexing (MDWDM) technology to optimize the performance and cost requirements of service providers' metropolitan networks. DWDM is an innovative technology that uses multiple colors of light to dramatically increase the capacity of fiber networks carrying a combination of phone, Internet, and video traffic. This acquisition is Cisco's second optical networking acquisition in Europe and it underscores Cisco's commitment to building Internet scale, carrier-class, optical networks for the service provider market. Under the terms of the agreement, Cisco common stock with an aggregate value of approximately $800 million will be exchanged for all outstanding shares of Qeyton Systems. This acquisition will be accounted for under purchase accounting and is expected to close in the fourth quarter of Cisco's fiscal year 2000. In connection with the acquisition Cisco expects a one-time charge against after-tax earnings of up to $.05 per share for purchase in-process research and development. The acquisition has been approved by the board of directors of Cisco and a majority of Qeyton's shareholders. This transaction is subject to various closing conditions including approval under the Hart Scott Rodino Antitrust Improvements Act. The acquisition of Qeyton Systems expands Cisco's optical networking capabilities and enables Cisco to provide a comprehensive end-to end optical networking solution for service providers' metropolitan networks. Qeyton's Metro DWDM technology links carriers points of presence (POPs) and customer sites with an optical ring and enables Cisco to offer service providers increased capacity without needing to add or lease new fiber in the metropolitan areas. Qeyton Systems optical technology will be seamlessly integrated with optical products and technology in Cisco's Optical Networking Solutions (ONS) 15000 family of products and will become part of Cisco's current optical networking group, within the service provider line of business. Qeyton Systems was founded in 1998. The 52 employees located in Stockholm will continue to operate in Stockholm and will be led by Claes Rickeby, the current CEO of Qeyton, and will report to Geraint Anderson, vice president and general manager of Cisco's Photonics Business Unit.

To: Howard Feinstein who wrote (35472)	5/12/2000 10:31:00 AM
From: Crystal ball	Read Replies (1) \| Respond to of 77398

Cash Flow RALLY: PAYDAY 3 day RALLY AND Relief Rally after Fed Tuesday = Return of the Bull Market. As you point out Howie, implicitly, we all know there is a LOT of money sitting on the sidelines waiting for the Fed Greenspammers to raise the Fed rates 25 or even 50 basis points (.50%), which is already figured into the market prices thus far, and everyone will say, so what...what a relief, and the bigger RELIEF rally will start, however, this is the 2nd week of May, that means for some PAYDAY and there is no better place to put that money than into the MARKET at these low bargain basement prices for techs like CSCO. This explains in part Thrusday, Friday (Today) and Monday, as well as the low inflation indicator of the benign PPI today. Where else can you make 5-10% A DAY on your money? I am, Truly your$, -Crystal Ball