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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: mogwai8myball who wrote (50055)	4/13/1999 9:28:00 AM
From: Glenn D. Rudolph	Respond to of 164684

SAN JOSE, Calif., April 13 (Reuters) - Cisco Systems, CSCO.O, the leading market of hardware that directs traffic on the Internet, said Tuesday it would buy Geotel Communications Corp GEOC.O in a stock and option deal worth $2 billion. ----------------------PRESS RELEASE--------------------------- SAN JOSE, Calif.--(BUSINESS WIRE)--April 13, 1999--Cisco Systems, Inc. (NASDAQ:CSCO) today announced a definitive agreement to acquire publicly-held GeoTel Communications Corp. (NASDAQ:GEOC) of Lowell, MA. GeoTel is a leading provider of software solutions for distributed voice call centers for enterprise and service provider customers. This acquisition underscores Cisco's commitment to a New World communications network where data, voice and video traffic will travel over a single network infrastructure based on the open, standards-based Internet architecture. Under the terms of the agreement, Cisco will exchange 0.5138 shares of Cisco common stock for every outstanding share and option of GeoTel. Based on the closing price as of April 12, 1999, this exchange ratio values the transaction at approximately $2 billion. This acquisition will be accounted for as a pooling of interests and is expected to be completed in the fourth quarter of Cisco's fiscal year 1999. The acquisition has been approved by the board of directors of each company and is subject to various closing conditions, including approval under the Hart-Scott-Rodino Antitrust Improvements Act and a vote of GeoTel shareholders. The Internet is changing the way companies view customer support from a traditional support function to a strategic advantage. This acquisition will bring call center solutions to the Internet enabling flexible, highly personalized customer support services. Cisco's strategy is to create an open data and voice software infrastructure for enterprise and service provider customers as well as Cisco partners. GeoTel products will enable a software platform allowing Cisco partners and customers to rapidly innovate and deploy voice applications based on open Internet standards. This technology also will expand the current Internet Ecosystem to include more third-party developers focused on creating open voice applications. "Today's announcement is an extension of our commitment to open voice technology," said Don Listwin, Cisco executive vice president. "We believe that Cisco's industry leadership position, strong customer focus, and commitment to technological excellence provide the ideal combination for quickly and effectively extending the global penetration of GeoTel solutions while facilitating Cisco's New World strategy," said John C. Thibault, President and CEO, GeoTel. "GeoTel is enthusiastically entering this new relationship and welcomes the opportunity to contribute to Cisco's strategic direction in both the service provider and enterprise call center markets." GeoTel's software solution integrates enterprise data applications with voice infrastructure devices such as PBXs to deliver integrated data and voice to call centers over an Internet infrastructure and PSTN. GeoTel's network-centric approach connects every customer to the best available customer service representative independent of physical location. GeoTel offers a software solution that is highly reliable that serves both enterprise and service provider environments enabling Cisco to advance its efforts in providing voice applications over Internet-based networks. This acquisition represents the fifth phase of Cisco's five-phase enterprise data, voice and video integration strategy which extends call control and management solutions to packet-based networks. GeoTel was founded in 1993. The 310 employees led by GeoTel President and CEO John Thibault will report to Don Listwin, executive vice president. Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. GeoTel Communications Corporation (NASDAQ:GEOC) is a leading global provider of software solutions for call center applications. Statements in this press release that are not based on historical facts, such as statements regarding GeoTel's business outlook and customer orders, may be considered forward-looking statements that involve risks and uncertainties. The Company's actual results may differ materially from the results discussed in these forward-looking statements. Factors that could cause or contribute to such differences include, without limitation, changes in the market, new products and announcements from other companies, changes in technology, and the impact of competitive products and pricing. Additional information on the factors that could affect the Company's financial results is included in the Company's amended 1998 Form 10-K and other Company reports which are filed with the Securities and Exchange Commission. --30--

To: mogwai8myball who wrote (50055)	4/13/1999 9:40:00 AM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

>>>However, please elaborate on why you think the next few days/weeks are an especially precarious time for the Nets.<<< Simple. Almost every iNET chart I look at these days is extended. Obviously, this cant continue for much longer; in fact I doubt if it can continue for 2 more weeks. Look at RNWK, CMGI, AMTD even SCH. They are more than 50% above their 20day moving avgs, not to talk of 50day avgs. It's too obvious. I am almost out of all my NETS except NDB,AOL, YHOO and SCH, and even in those i have scaled back significantly. My strategy now is to place buy-stops on some names that I feel will blow-off soon...so as to ride them for those last few points....if those points materialize. Again, i say beware. What goes up fast, comes down fast! :-)) --Olu E. (Actually, i just sold Schwab at 149. Ridiculous!)