Cisco planning to buy Nokia

Posted on Monday, August 08 2005 @ 11:37 CEST by Thomas De Maesschalck
Cisco has traditionally concentrated on acquisitions of nice technology players but it looks the company is now interested in merging with a wireless infrastructure company.

According to an article from Business on Sunday the most likely target is Nokia.

Cisco, the largest maker of Internet equipment is worth around $123 billion, while Nokia's market value is about $71 billion.
The paper said Cisco's mainstay networking market was fast changing with the convergence of fixed-line and wireless networks, and Cisco needed a merger to acquire the technology to create intelligent wireless applications, which Finnish-based Nokia could provide.
More info at WashingtonPost

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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