carcomptoy
08-07-2005, 06:08 PM
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I was on engadget.com today, and the first article is about a rumored Cisco-Nokia buyout. Apparently, it'd be in Cisco's best interest to gain Nokia's wireless infrastructure in order to grow.
From engadget.com:
This one came a little from out of left field: apparently Cisco, who’s been gobbling up companies in the last couple of years (namely Linksys and more recently KiSS), has expressed serious interest in the aqcuisition and merging with a wireless infrastructure company—specifically everyone’s favorite Nordic handset manufacturer, Nokia. Might not be a bad idea for Nokia since they’ve been feeling the pinch lately—plus they could get in good with some enterprise VoIP stuff from Cisco. But is it going to happen? Does Cisco really want to get wireless? And most importantly, what would they name their spawn—Ciscokia, or Nocisco?
From the original Reuters article in Yahoo:
LONDON (Reuters) - Cisco Systems Inc. is considering buying the world's top mobile handset maker Nokia in a bid to gain its wireless infrastructure technology, the Business newspaper reported on Sunday.
The paper, which did not reveal the source of its information, said U.S.-based Cisco had traditionally concentrated on acquisitions of niche technology players, but its Chief Executive John Chambers is believed to be interested in merging with a wireless infrastructure company.
"Nokia has been identified as the most likely target," the paper said.
Cisco, the largest maker of Internet equipment, is worth around $123 billion, while Nokia's market value is around $71 billion.
The paper said Cisco's mainstay networking market was fast changing with the convergence of fixed-line and wireless networks, and Cisco needed a merger to acquire the technology to create intelligent wireless applications, which Finnish-based Nokia could provide.
Cisco was not immediately available for comment. A Nokia spokeswoman in Helsinki declined to comment.
I was on engadget.com today, and the first article is about a rumored Cisco-Nokia buyout. Apparently, it'd be in Cisco's best interest to gain Nokia's wireless infrastructure in order to grow.
From engadget.com:
This one came a little from out of left field: apparently Cisco, who’s been gobbling up companies in the last couple of years (namely Linksys and more recently KiSS), has expressed serious interest in the aqcuisition and merging with a wireless infrastructure company—specifically everyone’s favorite Nordic handset manufacturer, Nokia. Might not be a bad idea for Nokia since they’ve been feeling the pinch lately—plus they could get in good with some enterprise VoIP stuff from Cisco. But is it going to happen? Does Cisco really want to get wireless? And most importantly, what would they name their spawn—Ciscokia, or Nocisco?
From the original Reuters article in Yahoo:
LONDON (Reuters) - Cisco Systems Inc. is considering buying the world's top mobile handset maker Nokia in a bid to gain its wireless infrastructure technology, the Business newspaper reported on Sunday.
The paper, which did not reveal the source of its information, said U.S.-based Cisco had traditionally concentrated on acquisitions of niche technology players, but its Chief Executive John Chambers is believed to be interested in merging with a wireless infrastructure company.
"Nokia has been identified as the most likely target," the paper said.
Cisco, the largest maker of Internet equipment, is worth around $123 billion, while Nokia's market value is around $71 billion.
The paper said Cisco's mainstay networking market was fast changing with the convergence of fixed-line and wireless networks, and Cisco needed a merger to acquire the technology to create intelligent wireless applications, which Finnish-based Nokia could provide.
Cisco was not immediately available for comment. A Nokia spokeswoman in Helsinki declined to comment.