Channels ▼
RSS

Cisco To Snap Up P-Cube For $200M


Networking giant Cisco Systems said Monday that it agreed to acquire Sunnyvale, Calif.-based P-Cube for about $200 million in cash and stock options.

Cisco said it expects to record a charge of no more than 1 cent per share from purchasing in-process research and development. The transaction is expected to close in the first quarter of fiscal 2005.

Analysts surveyed by Thomson First Call put Cisco's first-quarter earnings at 21 cents per share for the fiscal year.

P-Cube, which currently has 118 employees, develops software for monitoring Internet-protocol network activity. The company's team will report to Pankaj Patel, vice president and general manager of Cisco's broadband edge and midrange routing business division.

Shares of Cisco rose 1.1 percent, or 20 cents, to $19.08 during early-afternoon activity on the Nasdaq.


Related Reading


More Insights






Currently we allow the following HTML tags in comments:

Single tags

These tags can be used alone and don't need an ending tag.

<br> Defines a single line break

<hr> Defines a horizontal line

Matching tags

These require an ending tag - e.g. <i>italic text</i>

<a> Defines an anchor

<b> Defines bold text

<big> Defines big text

<blockquote> Defines a long quotation

<caption> Defines a table caption

<cite> Defines a citation

<code> Defines computer code text

<em> Defines emphasized text

<fieldset> Defines a border around elements in a form

<h1> This is heading 1

<h2> This is heading 2

<h3> This is heading 3

<h4> This is heading 4

<h5> This is heading 5

<h6> This is heading 6

<i> Defines italic text

<p> Defines a paragraph

<pre> Defines preformatted text

<q> Defines a short quotation

<samp> Defines sample computer code text

<small> Defines small text

<span> Defines a section in a document

<s> Defines strikethrough text

<strike> Defines strikethrough text

<strong> Defines strong text

<sub> Defines subscripted text

<sup> Defines superscripted text

<u> Defines underlined text

Dr. Dobb's encourages readers to engage in spirited, healthy debate, including taking us to task. However, Dr. Dobb's moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing or spam. Dr. Dobb's further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.
 

Video