8-KOther Events

CISCO SYSTEMS, INC. 8-K Report (Jul 28, 2000)

Filed July 28, 2000For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) announced on July 24, 2000, an agreement to acquire Komodo Technology, Inc. for approximately $175 million in Cisco stock. This acquisition is a strategic move to enhance Cisco's product portfolio and technological capabilities in the rapidly evolving networking sector. Investors should note that the transaction was valued at $175 million and was to be settled using Cisco's common stock. The press release detailing this agreement was issued on July 25, 2000, and filed with the SEC as part of this 8-K report. While the specific details of Komodo Technology, Inc. are not elaborated upon in this filing, such acquisitions are typical for Cisco during this period as it aimed to consolidate its market leadership and expand its offerings.

Key Highlights

  • 1Cisco Systems, Inc. (CSCO) to acquire Komodo Technology, Inc.
  • 2Acquisition valued at approximately $175 million.
  • 3Payment to be made in Cisco Systems, Inc. common stock.
  • 4Agreement date: July 24, 2000.
  • 5Press release announcing the acquisition filed as an exhibit.
  • 6This is a material event reported on an 8-K filing.

Frequently Asked Questions

The main event reported is Cisco Systems, Inc.'s agreement to acquire Komodo Technology, Inc.

The acquisition is valued at approximately $175 million.

Cisco will pay for the acquisition using its own common stock.

The agreement was made on July 24, 2000.