Determines Nothing in Talks Warrants Further Examination
SAN JOSE, Calif. -- June 2, 1999 -- Cisco Systems today announced that it has been informed by the Federal Trade Commission that the agency has ended its inquiry into separate partnership discussions between Cisco and Lucent and Nortel. The FTC determined nothing in the discussions warranted further examination.
"We're pleased with the FTC decision. Cisco took the FTC's questions seriously and fully cooperated with this routine inquiry. Cisco respects the important role the FTC plays," said Dan Scheinman, vice president for legal and governmental affairs and general counsel.
The FTC in September asked Cisco for information regarding separate discussions it had with Lucent and Nortel about potential business opportunities to serve new and emerging communications markets.
"Cisco takes its obligation to abide by the letter and spirit of all laws and regulations seriously," said Scheinman. "Cisco was very willing to assist the FTC with any questions it had. We appreciate the professional manner in which the FTC conducted its business."
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