Why Watch Vonage? Pay Attention to Cisco
Everybody's spent the last few days watching Vonage's IPO tank. I don't think it's done yet. I read some predictions that the stock will go beloew 5. I don't think so. I think it'll bottom out about $6 myself. And they'll be dying for someone to buy them up at that point. I just can't imagine who will. Does Vonage have any assetts worth acquiring, even at the reduced price the IPO debacle will drive them too? Sure, but are they worth even the fire sale price?
On the other hand, here's just one deal for Cisco.
Saudi Firms to Award $267M Deal to Cisco, ThalesTechnorati Tags: Vonage, Cisco
June 3, 2006
RIYADH—Three Saudi firms led by mobile telecommunications operatorMobily will award a deal worth 1 billion riyals ($266.7 million) to Cisco Systems and France's Thales, a Mobily spokesman said on Saturday."We will sign on Tuesday the contract in Riyadh. The deal provides for the setting up of a fiber optic backbone structure for data," Hamoud al-Ghobaini, Mobily's corporate communications manager, told Reuters.
The two other Saudi firms are data services providers Bayanat al-Oula for Network Services and Integrated Telecom Company Ltd.
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