Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (10960)	12/22/1997 9:46:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

Cisco Systems to Acquire LightSpeed International, Inc.; Cisco Steps Up Voice Protocol Expertise SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 22, 1997--Cisco Systems, Inc. today announced it has signed a definitive agreement to acquire privately-held LightSpeed International, Inc. of Sterling, Va. LightSpeed International is an innovator in voice signaling translation technology. Under the terms of the acquisition, between 2.7 and 3.3 million shares of Cisco common stock will be exchanged for the outstanding shares and options of LightSpeed. Based upon Cisco's December 19 closing price of $53.4375 the stock exchanged would have a value of approximately $160 million. In connection with the acquisition, Cisco expects a one-time charge against after-tax earnings of between $.11 and $.15 cents per share for purchased-in-process research and development expenses in the second quarter of fiscal 1998. The acquisition has been approved by the board of directors of each company and is expected to be completed by mid-January subject to various closing conditions. The number of shares and per share amounts reflect the three-for-two split in Cisco stock that was effective Dec. 16, 1997. businesswire.com o~~~ O