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September 4, 1997updated 03 Sep 2016 6:58pm

CISCO COMPLETES DAGAZ ACQUISITION

By CBR Staff Writer

Cisco Systems Inc has completed the acquisition of Dagaz Technologies Inc, previously a wholly owned subsidiary of Integrated Network Corp, announced in July (CI No 3,213). Under terms of the deal, Cisco acquired Inc’s Dagaz xDSL products and intellectual property, personnel and other xDSL-related assets. Cisco says it expects a one-time charge against after-tax earnings of between $.08 and $.11 cents per share in the first fiscal quarter of 1998. It says the transaction will have a neutral earnings per share impact in the first year.

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