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

To: Techplayer who wrote (23720)	3/17/1999 2:25:00 PM
From: Techplayer	Read Replies (1) \| Respond to of 77398

Non Cisco news, Redstone purchased by siemens.. Siemens to Acquire Redstone Communications Siemens AG (Munich) plans to announce today (March 17) the acquisition of yet another data networking company, according to sources in the investment community. Redstone Communications Inc. (Westford, Mass.) has signed on with the European telecommunications giant for a reported $600 million—more than the two previous acquisitions Siemens has made thus far this year combined. Sources say the high price was the result of an unprecedented bidding war between Siemens and other vendors, including Alcatel SA (Paris) and Lucent Technologies Inc. (Murray Hill, N.J.). Redstone makes an edge aggregation router for ISPs (Internet service providers) that combines traffic from multiple T1 (1.544-Mbit/s) access lines and funnels it to gigabit routers in the core of the network. The technology would fill a much-needed hole in Siemens' new Unisphere Solutions subsidiary, which is strong on ATM-based access devices and core switches but weak on network edge devices. Sources say another equipment vendor, Northern Telecom Ltd. (Nortel, Mississauga, Ontario) is close to its own ISP equipment deal--with Shasta Networks Inc. (Sunnyvale, Calif.), which makes an IP service-provisioning platform. That deal is rumored to be valued at $400 million.