From: Kumar Raja-Q16843 (Raja.Kumar@motorola.com)
Date: Tue Aug 09 2005 - 09:56:02 GMT-3
Hi Guys,
The following is a message seriously floating in the market ....
Is this really true or just Gossip mongers bite ....
LONDON: CISCO Systems 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 US-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 $123bn, while Nokia's market value is around $71bn.
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 declined to comment.
Thanks and regards,
Raja
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