Extends the Cisco IP Next Generation Network Vision to Deliver
Wireless Broadband Services and Increase Internet Access in Emerging
Markets
SAN JOSE, CA -- (MARKET WIRE) -- 10/23/07 -- Cisco(R) (NASDAQ: CSCO)
today announced a definitive agreement to purchase Richardson,
TX-based Navini Networks, Inc. a leader in the Mobile WiMAX
802.16e-2005 broadband wireless industry. Navini is a pioneer in the
integration of "Smart Beamforming" technologies with Multi-Input
Multi-Output (MIMO) antennas, a combination that improves the
performance and range for WiMAX services and lowers the overall
deployment and operational costs for service providers.

Navini's WiMAX products will extend Cisco's market-leading WiFi and
WiFi-Mesh portfolios, allowing Cisco to uniquely address the rapidly
growing markets for broadband wireless services.

The acquisition of Navini will help extend and enhance Cisco's IP
Next Generation Network (IP NGN) vision to enable service providers to
deliver any service to any device over any network -- a vision that
Cisco calls the Connected Life. The addition of broadband wireless
products based upon WiMAX will complement existing Cisco products and
solutions to enable service providers to deliver premium end-to-end
Connected Experiences and hasten their transition to becoming
Experience Providers.

Cisco also expects that its broadband wireless solution portfolio,
that now includes WiMAX products, will play a key role in Cisco's
Country Transformation and "Digital Inclusion" initiatives to drive
broadband penetration to consumers and business in emerging countries.

"Emerging country service providers are in expansion mode, building
out broadband wireless networks and are concerned about deployment
costs and the availability of skilled resources," said Brett
Galloway, vice president and general manager of the Wireless
Networking Business Unit, Cisco. "Around the world broadband wireless
networks based upon WiMAX have the potential to add millions of new
Internet users who cannot be reached economically using copper or
fiber infrastructures. Additionally, WiMAX networks will help drive
the transition to open IP-based broadband wireless architectures and
accelerate the rollout of new applications and services."

Cisco selected Navini based on its industry-leading product
portfolio, unmatched innovation and its real-world commercial
deployments with service provider customers worldwide. Navini offers
a leading portfolio of broadband wireless WiMAX solutions with
comprehensive offerings including base stations, adaptive antenna
arrays, management systems, and subscriber modems, which has been
sold to more than 75 customers.

Under the terms of the agreement, Cisco will pay approximately $330
million in cash and assumed options. The Navini acquisition is subject
to various standard closing conditions and is expected to close in
the second quarter of Cisco's 2008 fiscal year. Upon the close of the
acquisition, Cisco plans to integrate Navini into its Wireless
Networking Business Unit, under the Ethernet and Wireless Technology
Group. This will be acquisition No. 124 for Cisco.

About Cisco Systems

Cisco (NASDAQ: CSCO) is the worldwide leader in networking that
transforms how people connect, communicate and collaborate.
Information about Cisco can be found at http://www.cisco.com. For
ongoing news, please go to http://newsroom.cisco.com.

Cisco, Cisco Systems and the Cisco Systems logo are registered
trademarks of Cisco Systems, Inc. in the U.S. and certain other
countries. All other trademarks mentioned in this document are the
property of their respective owners.

For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at
the following link:

http://newsroom.cisco.com/dlls/rss.html

Press:
John Noh
(408) 853-8445
jnoh@cisco.com