SAN JOSE, Calif. -- February 10, 1998 -- Cisco Systems, Inc. today announced it has completed the acquisition of LightSpeed International, Inc. of Sterling, Virginia.
On December 22, 1997 Cisco Systems announced a definitive agreement to acquire privately-held LightSpeed, an innovator in voice signaling translation technology. Under the terms of the acquisition, 3 million shares of Cisco common stock were exchanged for all outstanding shares and options of LightSpeed. In connection with the acquisition, Cisco expects a one-time charge against after-tax earnings of between $.16 and $.18 cents per share in the third fiscal quarter of 1998.
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