8-KOther Events

CISCO SYSTEMS, INC. 8-K Report (Apr 17, 2003)

Filed April 17, 2003For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) filed an 8-K on April 16, 2003, to announce the completion of its acquisition of Okena, Inc., a privately-held company. The acquisition, which was officially announced on April 11, 2003, represents a strategic move by Cisco to integrate Okena's technology and talent into its existing business operations. While the filing does not provide specific financial terms of the acquisition, it signals Cisco's ongoing commitment to growth through strategic M&A activities, which can often lead to enhanced product offerings and market positioning. Investors should view this acquisition as a potential driver for future innovation and competitive advantage. The integration of Okena is expected to strengthen Cisco's portfolio, potentially leading to new revenue streams or improved performance in its core markets. Further details on the financial impact and strategic rationale are likely to be disclosed in subsequent filings or investor communications.

Key Highlights

  • 1Cisco Systems, Inc. completed the acquisition of Okena, Inc.
  • 2Okena, Inc. was a privately-held Delaware corporation.
  • 3The acquisition announcement was made via a press release on April 11, 2003.
  • 4This 8-K filing serves as official notification of the completed transaction.
  • 5The filing incorporates the press release as Exhibit 99.1.
  • 6No specific financial terms for the acquisition were disclosed in this filing.

Frequently Asked Questions

The primary purpose of this 8-K filing was to officially announce and confirm the completion of Cisco Systems' acquisition of Okena, Inc.

Okena, Inc. was a privately-held company. While this specific filing doesn't detail Okena's business or the strategic rationale for the acquisition, such acquisitions typically aim to integrate new technologies, talent, or market access into Cisco's existing product lines and services.

No, this 8-K filing does not disclose the specific financial terms or the purchase price of the Okena acquisition. Such details are often provided in subsequent filings or press releases.

Exhibit 99.1 is the press release issued by Cisco on April 11, 2003, announcing the Okena acquisition. It is included as part of the official record in this 8-K filing.