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The largest independent enterprise VoWLAN firm purchase: Polycom is buying SpectraLink, a veteran player in voice calling over Wi-Fi in enterprises that helped set and shape many standards used to ensure call quality in those busy environments. The The deal is $220m in cash net of cash on hand and debt, or $11.75 per share, a huge premium over the company’s end-of-day closing stock price. SpectraLink’s earnings were also announced: pro forma $145m for fourth quarter 2006. Their earnings have been quite low, which explains the relatively low stock price and revenue-to-purchase-price ratio.
While Cisco and other enormous firms are in this space, Polycom is the largest independent firm offering unified messaging and collaborative media products. That’s a sort of large, vague space, but it means running applications and voice over IP networks with seamless access regardless of device, system, or location.
Posted by Glennf at February 7, 2007 2:57 PM
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