Networking Giant Goes Shopping

Anything Internet + Inform
Worldwide
, Applied Digital Solutions + ATEC Group, Cisco Systems + ArrowPoint Communications, STMicroelectronics + Nortel Network unit












































 STMicroelectronics (STM) to acquire Nortel
Networks (NT) unit

 

  
* 
Amount:
         $100
million

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A-

 



    GENEVA, May 5–STMicroelectronics (STM)
    announced the acquisition of Nortel Networks’ (NT)
    semiconductor division located in Ottawa, Ontario, Canada. for $100
    million. The companies also signed a six-year agreement under which STM
    will supply semiconductors to Nortel. The first three years of that deal
    will be worth an estimated $2 billion.


     

 
































 Applied Digital Solutions (ADSX) acquires ATEC
Group (ATEC)

 

  
* 
Amount:
       &nbs

p; $55
million

 

  
* 
Terms:
           
1.25 ADSX shares for each share of ATEC

 

  
* 
Premium:
        135%

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      C+

 



    HAUPPAUGE, May 5–ATEC Group (ATEC)
    , a major system integrator and provider of a full line of information
    technology products and services, announced that it has signed a letter of
    intent to be acquired by Applied Digital Solutions (ADSX)
    , in an all-stock transaction. ADSX is the parent company of IntelleSale.com. This letter of
    intent supersedes the prior proposal, announced on April 12, 2000, for the
    merger of IntelleSale.com and ATEC Group.


    Under the terms of the letter of intent, Palm Beach-based Applied Digital
    would acquire all outstanding shares of ATEC Group’s common stock, payable
    in shares of ADSX stock, at a rate of 1.25 shares of ADSX stock for each
    share of ATEC. The transaction, subject to various terms and conditions,
    including approval by ATEC Group shareholders, is expected to close in July
    2000.


     

 
































 Anything Internet (ANYI) to acquire Inform
Worldwide

 

  
* 
Amount:
         $12
million

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      D+

 



    DENVER, May 5–Anything Internet (OTCBB: ANYI),
    a publicly held e-service company, has entered into a Letter of Intent to
    acquire Inform Worldwide of Englewood, Colo., for approximately
    $12,000,000. The Letter of Intent was approved by the board of both
    companies on May 4, 2000, and is expected to close within the next 60 days.
    Inform Worldwide develops cost
    effective, location-based services that enable businesses to increase
    productivity, profitability and market share. With this acquisition, Anything Internet is expanding in the use of the Internet to
    increase business productivity.


     

 































 Cisco Systems (CSCO) to acquire ArrowPoint
Communications (ARPT)

 

  
* 
Amount:
         $5.7
billion

 

  
* 
Terms:
           
2.12 CSCO shares for each ARPT share

 

  
* 
Premium:
        20%

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A

 



    SAN JOSE, May 5–Cisco Systems (CSCO)
    announced a definitive agreement to acquire publicly traded ArrowPoint
    Communications
    (ARPT)
    of Acton, Mass. Cisco is acquiring ArrowPoint to provide its customers
    with a feature-rich, flexible content switching platform.


    Under the terms of the agreement, Cisco will exchange 2.1218 shares of
    Cisco common stock for every outstanding share and option of ArrowPoint
    Communications. Based on the closing price of $63 5/8 on May 4, 2000, this
    exchange ratio values the transaction at approximately $5.7 billion. This
    acquisition will be accounted for as a pooling of interests and is expected
    to be completed in the fourth quarter of Cisco’s fiscal year 2000.


     

 

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