MENLO PARK, Calif., February 25, 1993 -- Cisco Systems, Inc., today announced that it has signed an agreement with SGADevelopment Partnership Ltd, Dallas, Texas, for a five-year leasewith renewal and purchase options for a 46-acre site in northern SanJose, California. The site is located on Tasman Drive and borders theGuadalupe River.
"While the development of this new site does not affect any ofour current leases, it is certainly our intent to eventually moveCisco's headquarters to the San Jose facility," said John Morgridge,president and CEO of Cisco Systems. "The technology infrastructurein Silicon Valley has been a critical element of our success to thispoint, and we feel that this new agreement shows our continuingcommitment to the Bay Area, and to the city of San Jose in particular,which has been very helpful in expediting our pending expansion."
Cisco Systems currently leases a total of six buildings which arelocated at its corporate headquarters in Menlo Park and at otherfacilities in Mountain View and Santa Clara, California. The newagreement has no immediate impact on operations at these facilities.
Cisco Systems, Inc., is the leading worldwide supplier ofhigh-performance, multimedia and multiprotocol internetworkingproducts, including routers, bridges, communication servers andnetwork management software. Cisco technology can be used tobuild enterprise-wide networks linking an unlimited number ofgeographically dispersed LANs, WANs, and IBM networks. In theUnited States, Cisco is traded over-the-counter under the NASDAQsymbol CSCO.