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Cisco Completes Acquisition of Newport Systems Solutions

SAN JOSE, Calif., Aug. 8, 1994 -- Cisco Systems today announced thecompletion of its acquisition of Newport Systems Solutions, Inc., aprivately held networking company providing software-based routers forconnecting computer networks. Cisco and Newport signed anagreement on July 11, 1994 pursuant to which Cisco would acquire all outstanding stockand assume all outstanding employee stock options of Newport in exchangefor approximately 4.2 million shares of Cisco common stock. The closingsale price for Cisco common stock on NASDAQ on August 8 was $21.62 pershare. Completion of the acquisition was subject to, among other thingsapproval of Newport's shareholders, which was received on August 1, 1994.

In announcing the agreement on July 12, Cisco executive vice presidentJohn Chambers said, "With the success of our customers in mind, Newport wasthe obvious choice for us to acquire. In our opinion they are the clearmarket and technology leader for access products in small-to-medium sizenetworks, and are the type of company that can substantially enhance ourmarket position"

Cisco Systems, Inc., is the leading worldwide supplier ofhigh-performance, multimedia and multiprotocol internetworking products,including routers, bridges, workgroup systems for 10-Mbps/100-Mbps datatransmission, ATM switches, communication servers, software routers androuter management software. Cisco technology is used to buildenterprise-wide networks linking an unlimited number of geographicallydispersed LANs, WANs and IBM SNA networks. In the United States, Cisco istraded over the counter under the NASDAQ symbol CSCO.

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