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

To: SouthFloridaGuy who wrote (15438)	7/29/1998 7:40:00 PM
From: JEFF CHAPMAN	Respond to of 77400

(COMTEX) B: Cisco, Lucent on shopping spree B: Cisco, Lucent on shopping spree PC Week Online (July 28, 1998) - "We can build it" has been replaced with "We can buy it." And nowhere is that trend more evident than in the networking space. Employing MBAs instead of engineers to build their next-generation, converged voice/data networks, Cisco Systems Inc. (Nasdaq:CSCO) today acquired Summa Four Inc., while Lucent Technologies Inc. (NYSE:LU) obtained MassMedia Communications Inc. The Cisco acquisition is valued at $116 million and will result in a one-time charge of between 4 and 9 cents per share, said Cisco officials in San Jose, Calif. It will be levied as in-process research and development in the first half of fiscal 1999. Summa Four makes programmable switches targeted at service providers, who can include telephony applications (such as voice mail, calling card calls and voice-activated calling) in them. Cisco intends to open the platform to application developers and extend it to support voice-over-IP applications, officials said. Summa Four's 210 employees, including CEO Robert Degan, will become part of Cisco's Network-to-User Business Unit. Lucent, meanwhile, did not disclose the terms of its deal with MassMedia, a Natick, Mass., purveyor of software that links ATM and ISDN networks. Lucent uses the software, called AdaptNet, in its PacketStar switches. The technology is key in voice/data convergence because it can manage a connection across myriad networks. The signaling-independent technology will help service providers develop voice-over-ATM and video conferencing services, according to Lucent officials in Murray Hill, N.J. MassMedia's 12 employees will join Lucent, and founder Andrew Patka will become director of signaling applications and call control within the Data Networks Systems Division of Lucent, officials said. Cisco is at www.cisco.com. Lucent can be reached at www.lucent.com. -0- By Scott Berinato Copyright (c) 1998 Ziff-Davis Publishing Company. All rights reserved. For additional Ziff-Davis online information, access Ziff-Davis on Compuserve (GO ZIFFNET) or ZD Net on the Internet (http://www.zdnet.com) * end of story * BTW, I got this story from mytrack.com's software which is free and can be downloaded here: mytrack.com If you do sign up for this (you get Comtex newswires around the clock on markets around the world plus Marketguide reports for free, with news/quotes/ticker in 'pushed' streaming format), please put 'Muthavugah' in the referred by field..