Cisco snaps up Procket

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Just weeks after launching its high-end routing platform, a system that took four years and $500 million to build, Cisco Systems Inc. of San Jose, Calif., spent $89 million to acquire high-end routing competitor Procket Networks Inc., Milpitas, Calif.

Just weeks after launching its high-end routing platform, a system that took four years and $500 million to build, Cisco Systems Inc. of San Jose, Calif., spent $89 million to acquire high-end routing competitor Procket Networks Inc., Milpitas, Calif.

Analysts said Procket's $89 million price tag is a bargain. The company pulled in $300 million in venture funding based in part on its brain trust of ex-Cisco and Sun Microsystems Inc. engineers.

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