A Big Name in Tech Tries a Common Touch
New York Times - Thu Dec 3, 11:05 pm ETThe maker of the popular Flip video recorder is part of Cisco Systems, and Cisco Systems would like you to know that.
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The maker of the popular Flip video recorder is part of Cisco Systems, and Cisco Systems would like you to know that.
Cisco Systems Inc. says it is waiving its condition that 90 percent of shareholders of Norwegian videoconferencing equipment firm Tandberg ASA back its $3.4 billion takeover offer and will close the deal as soon as possible.
Dec. 4 (Bloomberg) -- Cisco Systems Inc. , the world’s largest maker of networking equipment, said it won about 89 percent of shares for its 19 billion-kroner ($3.38 billion) bid for Tandberg ASA and plans to complete the acquisition.
The U.S. government has identified flaws in equipment from four companies, including Cisco Systems Inc , that hackers can exploit to break into corporate computer networks.
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Cisco Systems has gained control of 84 percent of the Norwegian videoconferencing company Tandberg , but the network equipment maker will need a little more help from shareholders to meet the 90 percent threshold that ill allow it to buy its target outright, Reuters said.
Enterprise Networking Planet: "Cisco Systems is expanding its push in the small and midsized business segment of the networking marketplace. Today Cisco is unveiling a series of new product, partner and service initiatives as it continues its year-old $100 million effort to target the SMB market."
The introduction of the FlipShare TV by Cisco Systems shows the networking giant's strategic foray into the consumer space is moving ahead in a systematic fashion. The FlipShare is a companion piece to Flip Video camcorders, which were introduced by Pure Video in 2007 and came to Cisco in the acquisition of Pure in May.
When it comes to alternatives to the billable hour, Cisco Systems, Inc., the huge builder of network equipment, seems downright prescient.
The world's largest computer networking equipment maker, Cisco Systems Inc., on Wednesday said it needs only another 6 percent stake in videoconferencing equipment firm Tandberg ASA to be able to complete its $3.4 billion takeover. Cisco said 84 percent of shareholders in the Norwegian group have backed its 170 kroner ($30.32) per share offer so far -- getting closer to the 90 percent threshold ...
Dec. 2 (Bloomberg) -- Cisco Systems Inc. said it has about 84 percent of Tandberg ASA’s shares, bringing it closer to completing a 19 billion-kroner ($3.39 billion) purchase of the Norwegian maker of video-conferencing systems.