Cisco Not Forecasting Layoffs in Scientific-Atlanta Acquisition
China Mertens writes in InfoWorld:
Cisco Systems Inc. doesn't expect its planned $6.9 billion acquisition of set-top box manufacturer Scientific-Atlanta Inc. to result in significant employee layoffs or integration costs, according to a Cisco senior executive. Instead, as well as adding video capabilities into its product line, the networking equipment giant is hoping to realize cost savings through joint procurement and increased international business once the purchase is complete.
"I don't believe the integration costs are going to be high," Mike Volpi, senior vice president, routing and service provider technology group at Cisco, said on a conference call Friday to discuss the business and technology around the proposed acquisition. He added that he didn't think there would be much in the way of layoffs should Scientific-Atlantic become part of Cisco and he cited the set-top box maker's small, focused sales force.
posted by Fergie @ 11/18/2005 02:25:00 PM
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