Cisco to acquire Scientific Atlanta

November 18, 2005

Cisco Systems is acquiring video-equipment supplier Scientific Atlanta in a stock transaction worth just under $7 billion. The companies said Friday the deal creates an "end-to-end triple play solution" for carrier networks.

Cisco CEO John Chambers said in a news release that the move was in response to growing consumer demand for bundled triple-play voice, data and, in particular, video services.

"Video is emerging as the key strategic application in the service provider triple play bundle of consumer entertainment, communication and online services," said Chambers. "The combination of Cisco and Scientific-Atlanta brings unmatched experience and innovation in delivering large scale video systems and networks."

Scientific Atlanta is a venerable provider of end-to-end video distribution networks and set-top boxes.

Under the terms of the agreement, Cisco will pay $43 for each share of Scientific Atlanta. The deal is expected to close in the third quarter of 2006 assuming approval by shareholders and anti-trust regulators.

Rate this story - not rated yet

rank
1
2
3
4
5

view popular

Other News

'Avatar' video game to expand film's alien world

Technology / Software

28 minutes ago | not rated yet | 0

(AP) -- James Cameron was thinking beyond the big screen when he created the alien world of Pandora. The "Titanic" director worked in tandem with video game developer Ubisoft Montreal on the game based on ...

Government delays new ban on Internet gambling

Technology / Internet

18 minutes ago | not rated yet | 0

(AP) -- The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban Internet gambling.

Fujitsu Develops Technology for Low-Temperature Full-Service Direct Formation of Graphene Transistors on Large-Scale Sub

Technology / Semiconductors

27 minutes ago | not rated yet | 0

Fujitsu Laboratories today announced, as a world first, the development of a novel technology for forming graphene transistors directly on the entire surface of large-scale insulating substrates at low temperatures ...

Semantic research sets world standards

Technology / Computer Sciences

6 hours ago | 2 / 5 (1) | 1

(PhysOrg.com) -- European researchers have created new tools for semantic technology development which are helping to set the next generation of official standards. The tools also unblock some key bottlenecks ...