A View on View :: Crazy Cisco-Nokia Rumors

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Crazy Cisco-Nokia Rumors

by Mark Evans on Sun 07 Aug 2005 04:31 PM EDT | Permanent Link

Om Malik has a good laugh today at a Reuters report suggesting Cisco is pursuing Nokia to get into the wireless industry. "Nokia has been identified as the most likely target," Reuters quotes London's Business newspaper. Let's debunk this story, shall we. First, there is an odd tradition among Sunday newspapers in London to use speculation to create quasi-news stories. It's based on the idea readers want to be titillated by the possibility of blockbuster news rather than read fluffy weekend business features. Second, if Cisco is really serious about getting into the wireless business, Nokia isn't the most likely target; it's probably Nortel or Ericsson. Cisco CEO John Chambers has made it clear he's waiting at the altar whenever Nortel is ready to consummate a deal - whatever that may entail. If Nokia's involved in a major transaction, I suspect it will be a buyer rather than a seller.

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Re: Crazy Cisco-Nokia Rumors

by Anonymous on Mon 08 Aug 2005 08:18 AM EDT | Permanent Link

I don't think Cisco has ever done a deal over $1 billion. $72 billion ion revenue and 53,000 employees is something they have never done.

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