Thursday, June 17, 2004

Cisco Pockets Procket

Cisco offered $89 million in cash for all the intellectual property portfolio, an unspecified number of designers on PRO/88xx project, and unspecified assets of Procket, believed to include finished PRO/8801 and PRO/8812 routers. Cisco notably did not acquire the corporate entity of Procket itself, and did not pick up any liabilities of the company.
- From the EEtimes

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