News for Cisco
Feb 10 · 11:12:00 AM · Source: Company Press Release
Cisco today announced that Coca-Cola Bottling Co., Salem
Hospital, ExamWorks, and University of Sydney have selected Cisco(R) Data Center 3.0 technology to optimize data center resources, simplify data center management, and reduce the total cost of ownership, while increasing business agility and productivity.
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by Larry Etter
Feb 10 · 11:12:00 AM · Source: Company Press Release
Cisco today announced that Coca-Cola Bottling Co., Salem
Hospital, ExamWorks, and University of Sydney have selected Cisco(R) Data Center 3.0 technology to optimize data center resources, simplify data center management, and reduce the total cost of ownership, while increasing business agility and productivity.
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by Larry Etter
Dec 2 · 1:52:00 PM · Source: Company News Release
Cisco Systems Inc. said Wednesday it now has about 84 percent of Tandberg ASA’s shares.
Cisco's holdings now bring it closer to completing a 19 billion-kroner ($3.39 billion) purchase of the Norwegian maker of video-conferencing systems.
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by Larry Etter
Nov 16 · 5:39:00 PM · Source: Company News Release
Cisco Monday announced a revised recommended voluntary cash offer to acquire TANDBERG. Under the revised terms, Cisco will offer to purchase all the outstanding shares of TANDBERG for 170 Norwegian Kroner per share for an aggregate purchase price of approximately $3.4 billion. Cisco will also increase the interest payable on the offer price to a rate of 3.00% from a rate of 1.75%. This revised offer represents Cisco's final price for this transaction, the company said.
Bloomberg quoted an analyst as saying "the fact they now have a pre-acceptance level of 40 percent increases the likelihood the bid will go through.
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by Larry Etter
Nov 4 · 6:53:00 PM · Source: Company News
Cisco Wednesday reported a quarterly profit of $1.8 billion, or 36 cents a share, compared with a profit of $2.2 billion, or 42 cents a share, for the same quarter a year ago. Revenue for the first fiscal quarter in 2009 was $9 billion, down from $10.3 billion during the same quarter a year prior.
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by Larry Etter
Nov 3 · 5:04:00 PM · Source: Bloomberg
Cisco may drop its 17.2 billion-krone ($3.04 billion) offer for Tandberg ASA as shareholders owning 24 percent of the Norwegian company press for a higher offer, said a person familiar with the transaction.
If Cisco is unable to get investors with 90% of Tandberg to approve its 153.50 kroner-a-share offer, it would strongly consider walking away, said the person who declined to be identified. Investors have until November 9 to accept the offer.
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by Michael Oliveto
Oct 27 · 11:37:00 AM · Source: Company News Release
Cisco today announced its intent to acquire privately held ScanSafe, Inc. Based in London and San Francisco, ScanSafe is a market leader of software-as- a-service (SaaS) Web security solutions for organizations ranging from global enterprises to small businesses.
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by Larry Etter
Oct 15 · 10:47:00 AM
Cisco Systems recent offer to purchase Norwegian videoconferencing firm Tandberg for 153.50 crowns per share has been rejected by a group holding 24% of the firm’s outstanding shares.
Amund Lunde, CEO of Oslo life insurance group Pensjonsforsikring and member of the group that turned down the bid said, "We think the price is too low." Cisco's offer values Tandberg at about 23 times next year's projected earnings, slightly above U.S. rival Polycom's multiple of 21.7.
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by Michael Oliveto
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