RealTime IT News

Arts & Crafts Sale

Cisco Systems + Qeyton Systems, CraftClick.com + Stenciling.com, Sunburst Acquisitions + HollywoodBroadcasting.com

 Cisco (CSCO) acquires Qeyton Systems


   *  Amount:         $800 million


   *  Terms:            100% stock

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      B+


    SAN JOSE, May 12--Cisco Systems said it would buy Qeyton Systems based in Stockholm, Sweden for about $800 million in stock, the latest of nearly a dozen acquisitions the world's largest maker of computer networking systems has made this year. The acquisition of Qeyton is the 11th Cisco has unveiled since Jan. 1, and the second this month, as the company pursues its plan to acquire 20 to 25 companies this year. It made 18 acquisitions in 1999.



 CraftClick.com (CTCK) acquires Stenciling.com


   *  Amount:         Undisclosed