Happy Thanksgiving and a BBeliever Daily Links - 11/10/11 Daily Links - 11/2/11
Fun at Sea
Football Fans
Great College
Top 11
Top 11 Things Geeks Would Do After Being Rescued from a Mine
PC Weenies
The Neverending Story
Gratuity Not Included
Uptime Downtime
Geek Horoscopes
Random Geek Horoscopes
How White and Nerdy Are You?
Bush Proposes Faith- Based Firewalls for Government Computers
Microsoft Purchases Evil From Satan
Slashdot Story Generator
Which OS Are You?
Teen Using MySpace to Lure Bands to Los Angeles
The BBook of Geek
[H]ard Folding Team
The Toque
Worth 1000
Joe the Peacock
PC Weenies
Mental Floss
Smashing Games
Free Codecs
Geek Press
Wil Wheaton
Jonathan Coulton
Um... Things
Jokes Gallery
Funny Pictures
More Links

Friday  June 2 9:02 AM EDT

Cisco Purchases Tom's Nets
For $2.3 Billion

By Brian Briggs

San Jose, CA - Cisco Systems announced yesterday that it purchased Tom's Nets for $2.3 billion in cash and stock.  Tom's Nets is the leading fishing net and fishing net accessories supplier in Tillamook, Oregon.  Tom's Nets is privately held by Tom and had sales of $0.63 million last year, but was profitable.

Tom's Nets"I got a call yesterday asking if I wanted to sell my business for $2.3 billion.  I thought it was a joke.  Next I knew, I was signing the papers,"  Tom said. Cisco has a history of keeping the employees of acquired companies and it appears the Tom will stay on to run the new Net Division.

"This is an exciting day for Cisco Systems.  Tom's Nets is the leading supplier of net products in northwest Oregon." said CEO, John Chambers, "This acquisition is part of Cisco's plan to dominate all net markets.  Once again we are first into this market.  I don't think Lucent has even thought about this market."

Lucent responded to the charges of being a Johnny-Come-Lately by purchasing nearby Frank's Bait and Tackle for $2.8 billion.  "Cisco may have been first in this market, but with our purchase of Frank's Bait and Tackle we have a much broader product line than Cisco in one fell swoop."

Wall street analysts were confused by the deal, but several stated that nothing surprised them in this crazy market.  Bear Stearns analyst Ken Hibbard said "They are either running out of computer networking companies to buy, or they didn't do proper due diligence.  Either way I think they overpaid by about $2.29 billion."

More Tech News

Recommend this Story to a Friend

Previous Story:

Slug Bug Purists Say New Bug Ruining Game
Next Story:

Reasons High Gas Prices are Good

RSS Feed Subscribe
Follow on Twitter Follow Us on Twitter
Facebook Fan Us on Facebook
Amazon Find the BBook


  Politics Contact FAQs

sharepoint survey web part - make money online

Copyright 1999-2011 by BBspot LLC
BBspot is a tech satire news and geek humor source, and meant to be funny.
If you are easily offended, gullible, or don't have a sense of humor, we suggest you go elsewhere. Those without the geek gene activated should also avoid this site.