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Cisco to Tandberg: Higher Bid Not Likely

in News on November 2, 2009 at 11:20 am PT

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.