From: Scott Morris (swm@emanon.com)
Date: Tue Aug 09 2005 - 10:31:39 GMT-3
All of the stories are quoting the same source (which is a bit suspect).
While possible, it seems a stretch IMHO. A company with a market cap of
$123B doesn't easily acquire a company with a market cap of $71B. I would
sincerely hope that it didn't happen, but that's just my opinion!
Scott
-----Original Message-----
From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
Kumar Raja-Q16843
Sent: Tuesday, August 09, 2005 8:56 AM
To: lab
Subject: Cisco to buy Nokia
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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