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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (87303)11/14/2000 6:17:03 AM
From: 2MAR$  Respond to of 152472
 
Cisco Systems to Acquire Radiata, Inc.; Pioneering High Performance Wireless
Networks


Business Editors/High-Tech Writers

SAN JOSE, Calif. & SYDNEY, Australia--(BUSINESS WIRE)--Nov. 13,
2000--Cisco Systems, Inc., today announced a definitive agreement to
acquire privately held Radiata, Inc. of San Jose, California and
Sydney, Australia. Radiata is a leading supplier of chipsets for
high-speed wireless networks. This acquisition strengthens Cisco's New
World strategy by expanding its ability to deliver next generation
wireless networks using the IEEE 802.11a standard for faster data
rates.
Under the terms of the agreement, Cisco common stock worth an
aggregate gross value of approximately $295 million will be exchanged
for all outstanding shares and options of Radiata. Cisco has an
existing 11% investment in Radiata. This acquisition will be accounted
for as a purchase and is expected to close in the second quarter of
Cisco's fiscal year 2001. In connection with the acquisition, Cisco
expects a one-time charge for purchased in-process research and
development expenses not to exceed $0.02 per share. The acquisition
has been approved by the board of directors of each company and is
(BSNS WIRE) Cisco Systems to Acquire Radiata, Inc.; Pioneering High Perform
Cisco Systems to Acquire Radiata, Inc.; Pioneering High Performance Wireless
Networks



To: 2MAR$ who wrote (87303)11/14/2000 7:33:24 AM
From: foundation  Respond to of 152472
 
"..Qualcomm's high-data rate technology on Monday was approved as an industry standard by the ITU.."
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I don't believe this is correct. I believe 1x EV-DO was approved by the Telecommunications Industry Association (TIA) - not the ITU (Europe).

I do know that 1x EV-DV is being developed with an ITU IMT-2000 aplication in hand...