Cisco expands its reach

Article Abstract:

Cisco Systems Inc is poised to discover new business opportunities with the acquisition of Petaluma, CA-based Cerent and Richardson, TX-based Monterey Networks. Cerent, which offers optical transport products for big businesses, will be purchased for $6.9 billion, or 100 million shares of Cisco stock. The acquisition of Monterey Networks is valued $500 million, or 7.3 million shares of Cisco stock.

Cisco Systems Inc., Cerent, Monterey Networks

---

Fed-up Murdoch may buy Fox Family

Article Abstract:

News Corp could buy out Fox Family Channel CEO Haim Saban's 50.5% stake in the struggling cable television network for up to $1.8 billion. News chairman Rupert Murdoch is reportedly impatient over the declining ratings of the channel, which lost over a third of its viewers since Aug 1999. For the nine months ended Mar 1999, the network's net losses increased almost 228% to $44.5 million.

Cable Networks, Cable TV Entertainment Networks, ABC Family Worldwide Inc. ABC Family Channel

---

Similar abstracts:

• Abstracts: Lucent opts for Alcatel's $32B offer. FTC could try to block Pepsi-Quaker merger. Danone says no to Quaker
• Abstracts: When two tribes go to war. Howard dances to Murdoch tune. Call and be damned
• Abstracts: The dollars and sense of defence. The rich and furious
• Abstracts: From Russia with gloves. Not-so-smooth sailing
• Abstracts: The code breakers. The voices of dissent: not everyone wants to hear it, but not everyone is behind the war. Three writers refuse to get with the program

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.