Arts & Crafts Sale

 Cisco (CSCO) acquires Qeyton Systems

  
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Amount:         $800
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:       
Speed/Bandwidth

  
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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

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      C+

PLAYA DEL REY, May 12–CraftClick.com
announced the acquisition of Stenciling.com, one of the oldest and
most popular online destinations devoted to the world of stenciling.
Founded in 1997, Stenciling.com is
an extensive online resource that offers free advice, education and
resources, bringing together stencil artists worldwide. Stenciling.com will
be e-commerce enabled with CraftClick.com’s 100,000 product Arts
& Crafts Superstore, introducing more customers to the largest Arts &
Crafts supply store on the Web.




 

 Sunburst Acquisitions (SBAQ) to merge with
HollywoodBroadcasting.com

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      D-

HOLLYWOOD, May 12–Sunburst Acquisitions IV is pleased to announce that it has signed a non-binding Letter
of Intent relating to the completion of a business combination transaction
with HollywoodBroadcasting.com, a Nevada corporation. HollywoodBroadcasting.com
provides original live streaming video entertainment for the Internet and
its stated goal is to create 25 hours of weekly live programming by
Christmas 2000.