{"id":4133,"date":"2006-12-19T22:26:17","date_gmt":"2006-12-20T05:26:17","guid":{"rendered":"http:\/\/bennett.com\/blog\/index.php\/archives\/2006\/12\/19\/ericsson-buys-redback\/"},"modified":"2006-12-19T22:26:17","modified_gmt":"2006-12-20T05:26:17","slug":"ericsson-buys-redback","status":"publish","type":"post","link":"https:\/\/bennett.com\/blog\/2006\/12\/19\/ericsson-buys-redback\/","title":{"rendered":"Ericsson buys Redback"},"content":{"rendered":"

\t\t\t\tNow here’s a “holy mother of god” moment:<\/a><\/p>\n

\nTelefon AB L.M. Ericsson’s agreement to buy Redback Networks Inc. for $2.1 billion reflects how the explosion in video and other multimedia services over the Internet and a surge in broadband subscribers are driving phone and cable companies to upgrade their networks and spurring big makers of networking hardware to unite.<\/p>\n

Ericsson, a Swedish provider of equipment and services for telecommunications infrastructure, said it will pay holders of the Silicon Valley seller of routing equipment $25 a share, or 18% more than Redback’s share price before the announcement. Ericsson characterized the price as a 60% premium above the 90-day average for Redback stock.<\/p>\n

The companies said the deal will make them more effective suppliers for the fast-moving market. It also could help Redback contend with larger competitors such as Cisco Systems Inc. and Juniper Networks Inc.<\/p><\/blockquote>\n

At the end of the day, don’t the phone companies always buy the Internet companies?\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

Now here’s a “holy mother of god” moment: Telefon AB L.M. Ericsson’s agreement to buy Redback Networks Inc. for $2.1 billion reflects how the explosion in video and other multimedia services over the Internet and a surge in broadband subscribers are driving phone and cable companies to upgrade their networks and spurring big makers of … Continue reading “Ericsson buys Redback”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[],"class_list":["post-4133","post","type-post","status-publish","format-standard","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbifyw-14F","_links":{"self":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/4133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/comments?post=4133"}],"version-history":[{"count":0,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/4133\/revisions"}],"wp:attachment":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/media?parent=4133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/categories?post=4133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/tags?post=4133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}