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Cisco Moving On Set-Top Boxes

Posted by Zonk on from the new-horizons dept.

nevermindme writes "Cisco has agreed to plunk down a whopping $6.9bn for Scientific-Atlanta, hoping to take a major share of the set-top-box market and push video efforts. The networking giant will pay $43 per share in cash for Scientific-Atlanta ($5.3bn) and swallow $1.6bn in debt. With the buy, Cisco acquires one of the more dominant set-top-box makers. In addition, it pushes well beyond the data center to touch consumers where they live."

1 of 110 comments (clear)

  1. Get that government cash! by phorest · · Score: 1, Troll
    Isn't our GOD(vermin)t going to subsidize the purchase of settop boxes for the poor when the digital revolution (i.e. RESOLUTION)is implemented? Wow what a concept... get into the market with both feet and get extra revenue from the trough!

    Chew on that angle

    --
    God: When you do things right, people won't be sure you've done anything at all.