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BRIEFLY

Technology

August 07, 1996|Times Staff and Wire Reports

Cisco to Buy Nashoba for $100 Million in Stock: Nashoba Networks Inc. makes so-called Token Ring switches, which are computer networking products that help move data between computer systems in a local area network. The number of Cisco shares to be exchanged will be calculated based on an average price for its shares during a specified period. Littleton, Mass.-based Nashoba is privately held; the transaction will be treated as a pooling of interest and is subject to shareholder approval. San Jose-based Cisco Systems Inc. is the world's largest maker of computer networking equipment.

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