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.
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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.

Mr. Hooper: Cisco CEO’s Heir Apparent?

If there was any doubt that Ned Hooper is Cisco CEO John Chambers’s likely heir apparent, it disappeared today when the company named him chief strategy officer. For Hooper, who was already waist-deep in corporate strategy at Cisco as senior vice president corporate development and head of its consumer division, this is quite a promotion.
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Flip Flips to Cisco for $590 Million in Stock (Plus the Press Release)

Pure Digital, the maker of the popular Flip digital video cameras, has sold itself to Cisco (CSCO) for $590 million in stock. The deal, which had been rumored last week, was announced this morning by Cisco. The simplicity of Pure Digital’s line of relatively inexpensive cameras has made it a huge consumer success, which is no easy task in the devices arena. And Cisco has been trying to turbocharge its consumer-focused business and the move is a clear step in that direction.
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