Cisco Blinks
Cisco strongly believed that its first bid for videoconferencing equipment manufacturer Tandberg was a very good price for the company’s shareholders. The company really didn’t want to sweeten it. But Cisco did so anyway.
Monday, November 2, 2009
Cisco to Tandberg: Higher Bid Not Likely
Looks like there may be a bit of truth to reports that Cisco would rather bail on its proposed acquisition of Tandberg than raise its bid for the videoconferencing equipment manufacturer. Remarking today on speculation that Cisco would do just that, Ned Hooper, the company’s chief strategy officer, stressed that Cisco “will always act with fiscal prudence” as it pursues Tandberg.
Friday, October 30, 2009
Cisco to Tandberg Shareholders: You’ll Accept $3.04 billion and Like It
Cisco has a message for Tandberg shareholders pressing the networking giant to raise its $3.04 billion offer for the company: Take it or we’re leaving. Sources tell Bloomberg that Cisco has little intention of meeting the demands of a group of investors who would like it to reach a bit deeper into its wallet before they hand over their 24 percent stake in Tandberg.
Monday, October 26, 2009
Microsoft a First-Mover With No Advantage in Twitter Deal
Microsoft may have gotten the jump on Google when its Bing search engine became the first to allow users to search Twitter in real time, but that victory is largely an empty one. Because while being first is generating quite a bit of attention for Bing–which is, for once, leading search innovation instead of following Google’s–that’s about all it’s good for now.
Monday, October 19, 2009
Sprint Nextel Silences iPCS
Wireless company iPCS is a legal thorn in Sprint’s side no longer. This morning, Sprint said it would acquire its litigious affiliate for $831 million, including the assumption of $405 million of net debt.
Starent to Cisco: Hey, Big Spender
Cisco CEO John Chambers wasn’t kidding when he said we’d see the company move into a number of new markets via acquisition over the next year. Earlier this year, Cisco acquired Pure Digital, developer of the Flip video camera, for $590 million. Two weeks ago it spent $3 billion on video-conferencing system maker Tandberg. And now it’s purchasing mobile infrastructure outfit Starent Networks for $2.9 billion, or $35 a share.
Thursday, October 1, 2009
Cisco Snags Tandberg for $3 Billion
It’s merger mania in the tech industry. First Dell buys Perot Systems for $3.9 billion. Then Xerox purchases Affiliated Computer Services for $6.4 billion. Now Cisco is acquiring Tandberg for nearly $3 billion in cash.
Dude, You’re Getting Perot Systems
David Johnson, the mergers-and-acquisitions specialist Dell hired away from IBM earlier this year, has clearly been busy these past few months. This morning, the PC maker announced plans to buy information technology services outfit Perot Systems for about $3.9 billion.
Wednesday, July 29, 2009
Yahoo Investors on Microsoft Deal: Do Not Want
Yahoo CEO Carol Bartz says the company’s newly inked search advertising pact “comes with boatloads of value for Yahoo,” but you wouldn’t know it to look at the company’s share price. Yahoo’s shares slipped into the mud on the deal’s announcement, declining nearly seven percent to $16.07 in early trading.
Thursday, July 23, 2009
Wonder if This Has Something to Do With Those Laptop Hunter Ads…
The high-end PC market is not a bad place to be. Just ask Apple, which rules it and with great financial success. According to new stats from NPD Group, Apple now claims 91 percent of the U.S. retail market for personal computers costing more than $1,000. Nine out of 10 dollars spent on such machines in June went to Cupertino.
Wednesday, July 8, 2009
NetApp Gives Up; Data Domain to Be Acquired by EMC
EMC has long claimed that its bid for Data Domain is clearly superior to NetApp’s, and today NetApp finally agreed. After market close Wednesday afternoon, NetApp said it has terminated its merger agreement with Data Domain, giving the data storage technology vendor leave to accept EMC’s unsolicited takeover bid–at $33.50 a share cash, an 11 percent premium over its own.
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About John
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Ethics Statement
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
alt.misc
- Has Bell Invented the “Telegraph Killer”?
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
- Godzilla’s Food, Exercise, and Dream Diary
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183. - Scenes From An Alternate Universe Where The Beatles Accepted Lorne Michaels’ Generous Offer
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
- The Golden Age of Video
Best video mashup ever.
- I’m not dead yet
A Facebook Memorial
- Pulp Fiction Audio Mix
Wow.
- A world without the Internet
Worth it for the Rickrolling photo alone.
- Google Wave Cinema: Pulp Fiction
Excellent.
- Dead Fly Art
Flughumor!
- Happy Birthday Monty Python …
… you vacuous, toffee-nosed, malodorous perverts
