Cisco Systems buys WebEx for $3.2 billion
The $3.2 billion deal Cisco Systems struck to buy WebEx Communications, which specializes in Web conferencing, highlights the recent trend of major tech firms using the Internet for jobs that used to be done by software. Microsoft Corp., Google and other tech giants are also buying up companies that focus on Web technology to perform tasks.
New York Times/Dealbook, The | 03/15
This story published in USTelecom dailyLead on 03/19/2007
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