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Cisco Snags Procket: Page 2 of 2

Cisco is paying about $89 million for some key assets of the router maker Procket, including its intellectual property and most of its engineering team.
June 17, 2004

Under the terms of the deal, Cisco will pay approximately $89 million for select assets of Procket, including its entire portfolio of intellectual property and a majority of the engineering team. The engineers will become part of Cisco's Routing Technology Group. Subject to regulatory approvals, the deal should close this fall.

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