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Cisco Going Mobile, Acquiring Nokia?

Posted by Zonk on from the sniffing-around dept.

Keruo writes "Sunday Business paper is reporting on its latest issue that Cisco Systems is considering of acquiring some large player in the mobile telephone field. According to a Reuters article the paper also suggests that the company is most likely Nokia. Neither of the companies have yet commented on the rumour." From the article: "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."

3 of 119 comments (clear)

  1. Re:I wouldn't count on it. by LilWolf · · Score: 5, Informative

    Cisco is valued at 123 billion dollars(99,8 in euros). Nokia is valued at 71 billion dollars(57 in euros).

  2. Re:Numbers don't add up. by Sivaram_Velauthapill · · Score: 3, Informative

    They'll just offer Cisco stock or something. You are right in saying that it is next to impossible for them to raise $70 billion in cash.

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    Sivaram Velauthapillai
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  3. Re:I wouldn't count on it. by haggar · · Score: 3, Informative

    Mod parent down: Nokia has total cash US$ 13.79B.
    That's nearly 14 billion bucks of cash. That's 10 times more than what the parent reports.

    Please check the facts for yourself instead of believing an anonymous poster.

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    Sigged!