淮安区敲背的都去哪了 Tag Archive

poatdljtm

Cisco will acquire WebEx company

first_imgThe acquisition has been approved by both boards and is expected to close in the fourth quarter of fiscal 2007, Cisco said. Cisco said it expects the transaction to have a neutral effect on its fiscal year 2008 earnings after one-time charges are subtracted. The total purchase price will be about $2.9 billion when factoring in WebEx’s $300 million in cash on hand. San Jose-based Cisco has recently made a number of acquisitions, branching out from its core business of supplying networking gear, namely in communications, social networking and other areas that help drive traffic over the network and increase demand for its core equipment. The acquisition was Cisco’s 119th since 1993 and follows several other major recent takeovers by the company. Cisco is in prime position to shop around, as a surge in demand from service providers snapping up sophisticated new networking gear has left the company sitting on a mountain of cash. Cisco is Silicon Valley’s most richly valued company with a current market capitalization of about $156 billion. Cisco finished the second quarter of the current fiscal year with nearly $21 billion in cash. SAN FRANCISCO – Cisco Systems has agreed to acquire the online meeting company WebEx Communications for about $3.2 billion in cash, a takeover that furthers Cisco’s push beyond its core market for networking gear and into the lucrative arena of business communications. Cisco Systems Inc., the leading maker of routers and switches that direct data over computer networks, said Thursday it will pay $57 per share of WebEx Inc. That represents a 23 percent premium over WebEx’s closing price of $46.20 Wednesday on the Nasdaq Stock Market. Shares of WebEx soared $10.17, or 22 percent, to close at $56.37 on the Nasdaq Stock Market. Cisco shares fell 6 cents to $25.79. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Read More