Register Goes Out of the Box

 Register.com (RCOM) acquires Inabox

  
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Amount:         $13
million

  
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Terms:           
300,000 shares/$1 million cash

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      B+

NEW YORK, June 5–Register.com announced
that it has acquired Inabox, a technology firm specializing in the
design and development of online building tools for ISPs, Web hosting
companies and community sites. Under the terms of the agreement, register.com acquired Inabox for $1 million cash, 260,000 shares
of register.com common stock, and up to an additional 40,000 shares
contingent on certain conditions being met by Inabox.




 

 Cisco Systems (CSCO) to acquire
HyNEX

  
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Amount:         $127

million

  
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Terms:           
$9.2 million cash + stock

  
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Premium:        n/a

  
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Industry:       
Speed/Bandwidth

  
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Scorecard:      B+

SAN JOSE, June 5–Cisco Systems announced
a definitive agreement to acquire privately held HyNEX, Ltd of
Shefayim, Israel. HyNEX, a subsidiary of
Elbit, Ltd. , is a leading developer of
intelligent access devices for ATM network providers. This acquisition
supports Cisco’s New World strategy to
offer service providers the ability to deploy integrated data, voice and
video services. This is Cisco’s fourth acquisition in Israel and
underscores Cisco’s growing global technology development.




 

 Cahners Business Information acquires
eLogic

  
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Amount:         $79
million

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Content/Communi

ties

  
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Scorecard:      C+

NEW YORK, June 5–Cahners Business Information said it has
acquired Los Angeles-based eLogic, an application service provider
for media and Internet companies, for $79 million. Cahners, a business publishing unit of Reed Elsevier Plc with 140 magazine
Web sites, said the eLogic deal puts it
in the business of providing content management systems for Internet
publishers.




 

 Efficient Networks (EFNT) calls off purchase of
NetScreen Technologies

  
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Amount:         $850
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:      n/a

DALLAS, June 5–Efficient Networks , which
makes equipment for high-speed Internet connections, said it terminated its
proposed acquisiton of private Santa Clara, Calif.-based Web security firm
NetScreen Technologies. Efficient
originally announced the $850 million stock acquisition of NetScreen on March 28. Since that time
its shares had plummeted five-fold from an intraday high of 186-13/16 the
day before the deal was announced to an intraday low of 38-3/16 nearly two
weeks ago.