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`http://www.cisco.com/chinese/warp/public/146/october98/9810p46-e.html
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`NEWS RELEASES
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`Cisco Extends New World to PBXs and Phones
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`SAN JOSE, Calif. -- October 14, 1998 -- Cisco Systems, Inc. today announced it has signed a definitive
`agreement to acquire privately-held Selsius Systems, Inc. of Dallas, Texas. Selsius is a leading supplier of
`network PBX systems for high-quality telephony over IP networks.
`
`Under the terms of the acquisition, shares of Cisco common stock and cash with an aggregate value of $145
`million will be exchanged for all outstanding shares and options of Selsius. In connection with the acquisition,
`Cisco expects a one-time charge against after-tax earnings of between $.03 and $.06 per share for purchased
`in-process research and development expenses in the second quarter of fiscal 1999. The acquisition is subject
`to various closing conditions, including approval under the Hart-Scott-Rodino Antitrust Improvements Act.
`
`Selsius' technology will enable Cisco to accelerate the transition from conventional, proprietary circuit-
`switched PBXs to multi-service, open LAN systems capable of enabling the next step in data/voice
`integration. This acquisition enhances Cisco's data/voice/video integration strategy by bringing open,
`standards-based technology to conventional PBX and telephone equipment. This technology will become an
`integral component in the fourth phase of Cisco's five-phase voice/data/video integration strategy.
`
`Selsius' IP phones and call manager software will initially enable small and medium businesses and branch
`offices to migrate voice traffic onto packet data networks. Cisco will extend the technology to the full campus
`environment. Cisco will also enhance this technology to enable value-added applications such as virtual call
`centers and unified messaging.
`
`"This acquisition signals the new world in PBX technology," said Mario Mazzola, Senior Vice President,
`Enterprise line of business. "Customers should seriously consider the network PBX technology before
`committing to purchase old world equipment. Cisco will demonstrate its commitment to this technology by
`replacing its internal conventional PBX equipment over the company's 40-building campus," he added.
`
`Selsius was founded in 1997 as a wholly-owned subsidiary of Intecom Inc. Intecom is a wholly-owned
`subsidiary of Lagardere SCA, a French corporation with $11 billion in revenue in media and technology. The
`51 employees led by Selsius President and CEO David Tucker will become part of Cisco's Enterprise line of
`business headed by Senior Vice President Mario Mazzola.
`
`Cisco Systems,Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the Internet. News and
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`CISCO SYSTEMS, INC. Ex. 1138 Page 1
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`Cisco - Cisco Systems to Acquire Selsius Systems, Inc. for $145 Million
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`http://www.cisco.com/chinese/warp/public/146/october98/9810p46-e.html
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`information are available at http://www.cisco.com
`
`All contents copyright © 1992--1999 Cisco Systems, Inc. Important Notices and Privacy Statement.
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`CISCO SYSTEMS, INC. Ex. 1138 Page 2
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