Contact Information: Press Contact: John Noh 408 853-8445 jnoh@cisco.com Investor Relations Contact: Laura Graves 408 526-6521 lagraves@cisco.com
SAN JOSE, CA -- (MARKET WIRE) -- April 24, 2007 -- Cisco Systems, Inc. (NASDAQ : CSCO ) today
announced that it is extending its previously announced tender offer for
all outstanding shares of WebEx Communications, Inc. (NASDAQ : WEBX ), until
12:00 Midnight, New York City time, on Monday, May 7, 2007 (which is the
end of the day on May 7, 2007). The tender offer has been extended because
certain foreign regulatory approvals necessary for the consummation of the
tender offer have not yet been received, as Cisco anticipated in the Offer
to Purchase dated March 27, 2007. Cisco continues to expect to complete
its tender offer in the fourth quarter of Cisco's fiscal year 2007.
As announced previously, on March 27, 2007, Cisco, through its wholly-owned
subsidiary Wonder Acquisition Corp., commenced a tender offer for all
outstanding shares of WebEx at a price of $57.00 per share net to the
seller in cash without interest, less brokerage fees and less any required
withholding taxes, pursuant to the definitive merger agreement between
Cisco and WebEx. The tender offer was previously set to expire at 12:00
Midnight, New York City time, on Monday, April 23, 2007.
As of 5:00 p.m., New York City time, on Monday, April 23, 2007, an
aggregate of approximately 38.1 million shares of WebEx common stock, or
approximately 75.9% of WebEx's outstanding shares, had been tendered into,
and not withdrawn from, the offer.
Securities Law Disclosure
This press release is for informational purposes only and is not an offer
to buy or the solicitation of an offer to sell any securities. The
solicitation and the offer to buy shares of WebEx common stock will be made
only pursuant to an offer to purchase and related materials that Cisco
Systems, Inc. and Wonder Acquisition Corp. have filed with the SEC on
Schedule TO on March 27, 2007, as amended. WebEx also has filed a
solicitation/recommendation statement on Schedule 14D-9, as amended, with
respect to the offer. WebEx stockholders and other investors should read
these materials carefully because they contain important information,
including the terms and conditions of the offer. WebEx stockholders and
other investors may obtain copies of these materials without charge from
the SEC through the SEC's website at www.sec.gov, from Georgeson Inc., the
information agent for the offer, toll-free at (888) 264-7052 (banks and
brokers call (212) 440-9800), from Cisco (with respect to documents filed
by Cisco with the SEC) by going to Cisco's Investor Relations Website at
http://www.cisco.com/go/investors, or from WebEx (with respect to documents
filed by WebEx with the SEC) by going to WebEx's Investor Relations Website
at www.WebEx.com. Stockholders and other investors are urged to read
carefully those materials prior to making any decisions with respect to the
offer.
About Cisco Systems
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document are the property of their respective owners. The use of the word
partner does not imply a partnership relationship between Cisco and any
other company. This document is Cisco Public Information.
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