SAN JOSE, Calif., Nov. 6, 1995 -- Cisco Systems Inc. today announced the completion of its acquisition of Grand Junction Networks, Inc.>, a privately held networking company providing Fast Ethernet (100Base-T) and Ethernet desktop switching products.

The acquisition follows an agreement signed on September 26, 1995 pursuant to which Cisco agreed to acquire all outstanding stock and assume all outstanding employee stock options and warrants of Grand Junction.

The acquisition extends Cisco's switching product offerings to the rapidly-growing desktop switching segment. Grand Junction's management, employees and product line are now part of Cisco's Workgroup Business Unit, headed by Mario Mazzola, vice president and general manager.

Grand Junction developed and marketed the first Ethernet desktop switch, which provides dedicated Ethernet to the desktop. Grand Junction Networks pioneered the development of Fast Ethernet and was the first company to develop and market Fast Ethernet products. Grand Junction Networks, founded in 1992, employed 85 persons, most of them at the company's headquarters in Fremont, CA. Information about Grand Junction Networks and its products is available on Cisco's World Wide Web site http://www.cisco.com.

Cisco Systems is the leading global supplier of enterprise networks, including routers, LAN and ATM switches, dial-up access servers and network management software. These products, integrated by the Cisco IOS(tm) software, link geographically dispersed LANs, WANs and IBM networks. Cisco news and product/service information are available at World Wide Web site http://www.cisco.com. Cisco is headquartered in San Jose, CA. Its stock is traded in the United States on NASDAQ under the symbol CSCO.