Cisco Systems to Buy Pure Digital for $590 Million in Stock

Cisco Systems Inc., the world’s largest maker of networking equipment, said it agreed to buy Pure Digital Technologies Inc. for $590 million in stock, acquiring a maker of flip-open camcorders small enough to fit in one hand.

Cisco, based in San Jose, California, announced the purchase in a statement sent today by Market Wire.

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- Posted: 2009-03-19 08:40:34

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