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Selsius Systems Inc

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October 15, 1998 | Bloomberg News
Cisco Systems Inc., the top computer-networking company, agreed to buy Selsius Systems Inc. from Lagardere for $145 million in stock and cash to obtain products that route voice traffic over the Internet. Dallas-based Selsius' equipment allows voice traffic to be sent over computer networks by breaking it into so-called packets of data. Packet-based networks such as the Internet handle traffic more efficiently than traditional circuit-based phone networks.
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BUSINESS
May 17, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
When Liza Draper began organizing a venture capital conference six months ago on budding data-networking companies, she started with a list of 40 firms that produced a host of cutting-edge products from network telephony applications to high-speed Internet routers. By the time the conference took place in April, six of the companies had been sold for a total of more than $2.3 billion.
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