Cisco to buy Nokia ????

[Darth Garth]

Cisco Systems Inc. is considering buying the world's top mobile handset maker Nokia in a bid to gain its wireless infrastructure technology, the Business newspaper reported on Sunday.

The paper, which did not reveal the source of its information, said U.S.-based Cisco had traditionally concentrated on acquisitions of niche technology players, but its Chief Executive John Chambers is believed to be interested in merging with a wireless infrastructure company.

Cisco 123 billion USD cap
Nokia 71 billion USD cap

 

[bwana]

Any chance you could give the source for this?

 

[Darth Garth]

http://www.washingtonpost.com/wp-dyn/content/article/2005/08/07/AR2005080700195.html

 

[bwana]

http://www.washingtonpost.com/wp-dyn/content/article/2005/08/07/AR2005080700195.html

Thanks

 

[Perdition]

Interesting, I hope if this does happen they don't kill off the mobile handset division.

 

[desraid]

no chance that they will kill the world's most profittable mobile handset manufacturer.

 

[diabolus]

At least Nokia's shareprice went up after the "rumour" :

http://edition.cnn.com/2005/BUSINESS/08/08/europe.stocks.reut/index.html