TELECOM Digest OnLine - Sorted: Cisco Systems to Buy Scientific-Atlanta

Cisco Systems to Buy Scientific-Atlanta

Monty Solomon (
Fri, 18 Nov 2005 23:45:51 -0500

By MATTHEW FORDAHL AP Technology Writer

SAN JOSE, Calif. (AP) -- Betting that video will drive the future of
networking, Cisco Systems Inc. agreed Friday to buy the cable
television technology company Scientific-Atlanta Inc. in a $6.9
billion deal that would create a one-stop shop for sending TV over the

The acquisition is expected to help fuel the revolution in how TV is
distributed and watched _ a change that's accelerating as telephone
companies barge into the domain of cable operators and begin offering
programming over fiber-optic networks using the language of the

It also fits Cisco's strategy of moving into areas that are converging
on the Internet Protocol standard _ a shift that creates an
opportunity to increase revenue with new business and enhance its
traditional routers and switches that direct data over networks.


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