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Stratumone Communications Inc

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BUSINESS
June 30, 1999 | Bloomberg News
Cisco Systems Inc., the No. 1 maker of Internet equipment, agreed to buy the rest of closely held StratumOne Communications Inc. for $435 million in stock to gain semiconductors for high-speed networks. Cisco would swap 6.31 million to 7.72 million shares for the StratumOne shares and options. San Jose-based Cisco took an undisclosed stake in Santa Clara, Calif.-based StratumOne in January.
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BUSINESS
June 30, 1999 | Bloomberg News
Cisco Systems Inc., the No. 1 maker of Internet equipment, agreed to buy the rest of closely held StratumOne Communications Inc. for $435 million in stock to gain semiconductors for high-speed networks. Cisco would swap 6.31 million to 7.72 million shares for the StratumOne shares and options. San Jose-based Cisco took an undisclosed stake in Santa Clara, Calif.-based StratumOne in January.
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