Cisco Systems Completes Acquisitions of Aironet Wireless Communications.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--March 15, 2000 Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc., today announced it has completed the acquisition of Aironet Wireless Communications Aironet is a maker of wireless networking equipment currently operated as a division of Cisco Systems. It was started by ex-Marconi Wireless employees in 1986 as Telesystems SLW in Canada, right after the United States FCC opened up the ISM bands for spread spectrum license-free , Inc. of Akron, Ohio Akron is a city in the U.S. state of Ohio and the county seat of Summit County.GR6 The municipality is located in northeastern Ohio on the Cuyahoga River between Cleveland to the north and Canton to the south, approximately 60 miles (96 km) west of . On November 9, 1999, Cisco announced a definitive agreement to acquire Aironet Wireless Communications, a leading developer of high-speed wireless LAN products. Under the terms of the agreement, each share, option and warrant of Aironet will be converted to 0.637 share of Cisco common stock. Following Cisco's 2-for-1 stock split payable March 22, 2000, the exchange ratio will be adjusted to 1.24768 shares of Cisco common stock. Based on Cisco's closing price of $75 5/16 on November 8, the transaction has an aggregate value of approximately $799 million. This transaction is being accounted for using purchase accounting. About Cisco Systems Cisco Systems, Inc. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) is the worldwide leader in networking for the Internet. News and information are available at www.cisco.com. Note to Editors: Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion