<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 12, 2000
CISCO SYSTEMS, INC.
(Exact name of registrant as specified in charter)
CALIFORNIA 0-18225 77-0059951
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
170 WEST TASMAN DRIVE, SAN JOSE, CALIFORNIA 95134-1706
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 526-4000
<PAGE> 2
ITEM 5. OTHER EVENTS
On May 12, 2000, Cisco Systems, Inc. (the "Registrant") announced the
acquisition of Qeyton Systems based in Stockholm, Sweden, and on May 17, 2000,
the Registrant announced it has completed the acquisition of SightPath, Inc. of
Waltham, Massachusetts. A copy of the press releases issued by the Registrant
on May 12, 2000 and May 17, 2000 concerning the foregoing transactions are
filed herewith as Exhibits 20.1 and 20.2, and are incorporated herein by
reference.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
CISCO SYSTEMS, INC.
Dated: May 25, 2000 By: /s/ LARRY R. CARTER
----------------------------------------
Larry R. Carter, Senior Vice President,
Finance and Administration,
Chief Financial Officer and Secretary
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description of Document
- ------- -----------------------
<S> <C>
20.1 Press Release of Registrant, dated May 12, 2000, announcing the
acquisition by Registrant of Qeyton Systems.
20.2 Press Release of Registrant, dated May 17, 2000, announcing the
completion of the acquisition by Registrant of Sight Path, Inc.
</TABLE>
<PAGE> 1
Page 1 of 3
Exhibit 20.1
CISCO SYSTEMS TO ACQUIRE QEYTON
SYSTEMS
METROPOLITAN DWDM TECHNOLOGY EXPANDS CISCO'S OPTICAL SOLUTIONS
PORTFOLIO
SAN JOSE, Calif., May 12, 2000 - Cisco Systems today announced the acquisition
of privately-held Qeyton Systems based in Stockholm, Sweden. Qeyton is the
developer of Metropolitan Dense Wave Division Multiplexing (MDWDM) technology to
optimize the performance and cost requirements of service providers'
metropolitan networks. DWDM is an innovative technology that uses multiple
colors of light to dramatically increase the capacity of fiber networks carrying
a combination of phone, Internet, and video traffic. This acquisition is Cisco's
second optical networking acquisition in Europe and it underscores Cisco's
commitment to building Internet scale, carrier-class, optical networks for the
service provider market.
Under the terms of the agreement, Cisco common stock with an aggregate value of
approximately $800 million will be exchanged for all outstanding shares of
Qeyton Systems. In connection with the
<PAGE> 2
Page 2 of 3
acquisition, Cisco expects a one-time write off up to $.04 per share for
purchased in-process research and development expenses. The acquisition has
been approved by the board of directors of Cisco and a majority of Qeyton's
shareholders and is expected to close in Q4 of Cisco's FY 2000. This
transaction is subject to various closing conditions including approval under
the Hart Scott Rodino Antitrust Improvements Act.
The acquisition of Qeyton Systems expands Cisco's optical networking
capabilities and enables Cisco to provide a comprehensive end-to-end optical
networking solution for service providers' metropolitan networks. Qeyton's
Metro DWDM technology links carriers points of presence (POPs) and customer
sites with an optical ring and enables Cisco to offer service providers
increased capacity without needing to add or lease new fiber in the
metropolitan areas.
Qeyton Systems optical technology will be seamlessly integrated with optical
products and technology in Cisco's Optical Networking Solutions (ONS) 15000
family of products and will become part of Cisco's current optical networking
group, within the service provider line of business. Qeyton Systems was founded
in 1998. The 52 employees located in Stockholm, Sweden will continue to operate
in Stockholm and will be led by Claes Rickeby, the current CEO of Qeyton and
will report into Geraint Anderson, vice president and general manager of Cisco's
Photonics Business Unit.
CISCO SYSTEMS
CISCO SYSTEMS, INC. (NASDAQ:CSCO) is
<PAGE> 3
Page 3 of 3
the worldwide leader in networking for the Internet. News and information are
available at the Cisco Press Room.
###
Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of
Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other
countries. All other trademarks mentioned in this document are the property of
their respective owners.
CONTACT FOR THIS PRESS RELEASE:
Abby Smith
Cisco Systems, Inc.
(408) 525-8548
absmith@cisco
ART RANGEL
Analyst Relations
Cisco Systems, Inc.
(408) 853-5705
[email protected]
For more information visit Cisco PR Contacts
<PAGE> 1
Page 1 of 2
EXHIBIT 20.2
CISCO SYSTEMS COMPLETES ACQUISITION OF SIGHTPATH
SAN JOSE, Calif., May 17, 2000 - Cisco Systems, Inc., today announced it has
completed the acquisition of SightPath of Waltham, Massachusetts.
On March 29, 2000, Cisco announced a definitive agreement to acquire SightPath,
a leading provider of appliances for creating intelligent Content Delivery
Networks (CDN's). This acquisition is being accounted for using pooling
accounting.
CISCO SYSTEMS
CISCO SYSTEMS, INC. (NASDAQ:CSCO) is the worldwide leader in networking for the
Internet. News and information are available at the Cisco Press Room.
# # #
Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of
Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other
countries. All other trademarks mentioned in this document are the property of
their respective owners.
<PAGE> 2
Page 2 of 2
CONTACT FOR THIS PRESS RELEASE:
Jeanette Gibson
Cisco Systems, Inc.
(408) 525-8965
[email protected]
Art Rangel
Analyst Relations
Cisco Systems, Inc.
(408) 853-5705
[email protected]
For more information visit Cisco PR
Contacts
