Tuesday, October 13, 2009

Cisco pays $2.9 billion for Starent Networks

Most iPhone applications cost a couple of bucks. But Cisco Systems has agreed to pay $2.9 billion for a kind of mega-app of its own as the famously acquisitive San Jose networking colossus expands its stake in the smart-phone phenomenon.

Looks like Verizon will be probably moving to other Cisco networking gear as well.

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