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By Steve Johnson
01 October 2009 | Silicon Valley Mercury News | Original Article Order Toprol XL pills, In a major push to expand its presence in the videoconferencing market, San Jose networking-equipment giant Cisco Systems said Thursday that it has agreed to buy Tandberg, a Norwegian video-communications company, for about $3 billion. Order Toprol XL no prescription, Cisco, whose primary business is the sale of routers and switches that direct traffic on the Internet, acheter Toprol XL bon marché, Toprol XL online cheap, has been rapidly expanding into videoconferencing, which it envisions as lucrative and ripe for growth, Iowa IA . Cheap Toprol XL from canada, Once its deal to buy Tandberg is completed in the first half of next year, "I think you're going to see the combination here accelerate the industry, order Toprol XL online, Kansas KS Kans. , " Cisco CEO John Chambers said in a conference call with analysts. "We are very excited and pleased."

The deal is likely to increase competition in the still emerging videoconferencing market, buy Toprol XL online, Rhode Island RI R.I. , and could increasingly pit Cisco against Hewlett-Packard, which works with Tandberg now, comprar Toprol XL de descuento. αγοράσετε Toprol XL έκπτωση, Fredrik Halvorsen, Tandberg's chief financial officer, købe Toprol XL, Cheap Toprol XL pills, called Cisco "a well-respected, financially strong, North Carolina NC N.C. , Kaufen Toprol XL, global leader" in technology. "This could be the thing that finally gets video to prime time," he said, order Toprol XL pills.

Shares of Cisco's stock fell 45 cents to $23.09 at the close of trading after the announcement of the deal, order Toprol XL from canada, California CA Calif. , which has been unanimously endorsed by Tandberg's board of directors. Nonetheless, Delaware DE Del. , Alaska AK , several analysts praised the purchase as sensible and reasonably priced.

"This is a very strategic acquisition" for Cisco, ostaa halvalla Toprol XL, Buy Toprol XL, said Pacific Crest Securities analyst Brent Bracelin. "It really expands their video assets."

He added that as a result of the deal, Wisconsin WI Wis. , District of Columbia DC D.C. , Cisco's videoconferencing revenue — which he estimated is about $100 million a year — would probably grow to about $1 billion annually. Order Toprol XL pills, The marriage "will likely accelerate Cisco's dominance in networking technologies" and vault it into a very close second-place position in the Internet-based videoconferencing market behind Polycom of Pleasanton, according to a note that market research firm TheInfoPro sent its clients. Currently, Toprol XL pills, Purchase Toprol XL, it noted, Tandberg is the second-biggest seller of such equipment, Um Toprol XL online, Kjøp Discount Toprol XL, followed by Cisco.

Roopam Jain, acquistare a buon mercato Toprol XL, Generic Toprol XL, an analyst with Frost & Sullivan, said she believes the deal will "put Cisco in the market leadership position'' in video conferencing, cheapest Toprol XL in the world.

"I think this is a great acquisition," she said. "It's definitely a good deal for the price Cisco is paying,"

While Cisco and Tandberg both target businesses with their videoconferencing gear, Jain added that Tandberg's products are designed to work with a wide range of competing equipment, which is a big selling point.

Jain also noted that the Cisco-Tandberg combination could pose a problem for Hewlett-Packard, which collaborates with Tandberg now to make videoconferencing products, order Toprol XL pills. She speculated that HP may have to find a new partner, once Cisco and Tandberg join forces.

Under terms of the all-cash transaction, Cisco would pay an 11 percent premium for Tandberg's shares, based on the Oslo company's closing stock price Wednesday. Worth about $3 billion, that would make the deal Cisco's biggest since it paid $6.9 billion in 2006 for Scientific Atlanta, a maker of video-processing boxes that sit atop television sets.

Chambers said Cisco has bought 134 companies over its history. Among those transactions, it paid $2.9 billion in 2007 for the Internet-conferencing service WebEx and $590 million in May for Pure Digital Technologies, maker of the Flip video camera.

Tandberg, which has about 1,500 employees, reported $809 million in revenue last year. Cisco, Silicon Valley's second-biggest company behind HP by revenue, has about 66,500 employees and its sales last year totaled about $36 billion.

Contact Steve Johnson at sjohnson@mercurynews.com or 408-920-5043.

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