] HipMojo.com » Cisco Buys Webex for $3.2 Billion

Cisco Buys Webex for $3.2 Billion

The first stock I ever bought indirectly (I asked a friend to buy it for me as I did not have an account) was Openwave.

The first stock I bought myself, was Webex.  I remember being a sales executive and a company sending me a Webex.  I tried it and figured “this is something that Microsoft is going to buy, soon.”

The stock was around $10, with a market cap of about $1 billion.  It traded within a range of $10-20 and I ultimately sold my whopping 100 shares for a profit of a few hundred bucks.  Today the stock trades in the $40 range, with a market cap of $2.3B - and Cisco of all firms bought them for $3.2B!

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Posted By: Ashkan Karbasfrooshan | Mar 15th

One Response to “Cisco Buys Webex for $3.2 Billion”

  1. John Earnhardt Says:
    March 15th, 2007 at 9:41 am

    Thought you might be interested in Charlie Giancarlo’s blog entry on the WebEx acquisition. He is Chief Development Officer at Cisco and President of Linksys. WebEx will be reporting into him. Blog is at: http://blogs.cisco.com/news/2007/03/cisco_chief_development_office.html

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