Cisco Nabs Navini for $330M (Red Herring)

Networking gear giant Cisco Systems on Tuesday said it plans to acquire WiMAX device maker Navini Networks for $330 million in cash and assumed options. The planned acquisition of the seven-year-old Richardson, Texas-based company is Cisco’s entrée into a technology field it has long eschewed in favor of Wi-Fi for wide-area wireless broadband communications.

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