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

To: Tulvio Durand who wrote (39938)	9/16/2000 4:42:06 AM
From: Herschel Rubin	Respond to of 77400

This may explain the late activity in CSCO (Story first hit Dow Jones Newswires just before 3:00 pm est). It looks like CSCO may be working with NTOP on two fronts - Voice Software and VoIP Gateway Hardware. This CNET article focuses on the Voice Software deal. Others, including CNBC's David Faber have mentioned the possibility of a JV between CSCO & NTOP to jointly market NTOP's VoIP Gateway Hardware... ========================================================== Net2Phone plans unit spin-off; Cisco to invest By Ben Heskett Staff Writer, CNET News.com September 15, 2000, 5:25 p.m. PT Internet-based voice company Net2Phone on Monday will announce plans to spin off a portion of its business into a new venture called Adir Technologies, according to sources close to the company. The spinoff, which will focus on licensing Net2Phone's Internet voice software to companies, will include a minority investment from networking giant Cisco Systems, according to sources. News of the new company will quell an active rumor mill in recent weeks that hypothesized that Net2Phone and Cisco would embark on a joint venture. Net2Phone's stock was up more than 6 percent today on rumors of the venture. A Net2Phone representative could not immediately be reached for comment. A Cisco spokesman declined to comment. AT&T was among several firms that invested $1.4 billion in Net2Phone this past March. Net2Phone is a combination of a software company and Internet-based long-distance voice provider. All or at least part of the company's software business will be part of Adir Technologies, sources said. yahoo.cnet.com =========================================================== And today's SmartMoney Magazine article: smartmoney.com Net2Phone Expected to Announce `Gateways' Pact With Cisco September 15, 2000 7:03 PM NEW YORK -(Dow Jones)- Net2Phone Inc., a fast-growing company that routes low-priced phone calls over the Internet, is expected to announce an alliance with Cisco Systems Inc., perhaps as soon as next week. At 4 p.m. EDT Nasdaq Stock Market trading, Net2Phone rose $1.94, or 6%, to $33.81. The stock rose to $35.43 in afterhours trading. The stock rose 10% Thursday after rumors about a deal with Cisco spread. A person familiar with the deal told Dow Jones Newswires that Net2Phone (NTOP) and Cisco (CSCO) have agreed to form a company called ADIR Technologies, which will use Net2Phone's software technology and Cisco's manufacturing and distribution reach to produce "gateways." Gateways are devices intended to grab all the streams of information coming into a home or small office. Gateways will push the capabilities now housed in central offices closer to customers, making more customers eligible to access speedy services. The October issue of Forbes magazine reported Net2Phone was in talks to provide the software for Internet-based voice services along with Cisco's flagship router networking devices. Earlier this year, a group of companies led by AT&T Corp. (T) agreed to acquire a 39% voting stake in Net2Phone. America Online Inc. (AOL) and Yahoo! (YHOO) also own stakes in Net2Phone. Various groups invested in Net2Phone are working to integrate Internet voice calls into various Web portals and Internet services. Net2Phone's service allows people to use Internet networks, instead of traditional phone links, to make voice calls through speakers and microphones on their computers. Normally, people access the service through icons on Web browsers or desktop setups. In an effort to lure more users to its instant-messaging service, Microsoft Corp. (MSFT) in July signed a deal with Net2Phone to allow Microsoft instant-messaging users to make free long-distance phone calls over the Web. Net2Phone is planning a similar service for America Online, Microsoft's archrival in the instant-messaging space. Some industry observers believe the combination of Internet telephony and instant messaging will accelerate the decline of long-distance prices -- possibly bringing down call costs to zero for all consumers. Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved.

To: Tulvio Durand who wrote (39938)	9/16/2000 10:55:16 AM
From: The Phoenix	Respond to of 77400

Explanations given have been: 1 - rebalancing of the S&P 2 - options expr (remember the large put action at $60!) 3 - NTOP deal Could be a combination of all of the above... OG