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 STMicroelectronics (STM) to acquire Nortel Networks (NT) unit

   *  Amount:         $100 million

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Speed/Bandwidth

   *  Scorecard:      A-

GENEVA, May 5--STMicroelectronics (STM) announced the acquisition of Nortel Networks' (NT) semiconductor division located in Ottawa, Ontario, Canada. for $100 million. The companies also signed a six-year agreement under which STM will supply semiconductors to Nortel. The first three years of that deal will be worth an estimated $2 billion.

 

 Applied Digital Solutions (ADSX) acquires ATEC Group (ATEC)

   *  Amount:         $55 million

   *  Terms:            1.25 ADSX shares for each share of ATEC

   *  Premium:        135%

   *  Industry:        Speed/Bandwidth

   *  Scorecard:      C+

HAUPPAUGE, May 5--ATEC Group (ATEC) , a major system integrator and provider of a full line of information technology products and services, announced that it has signed a letter of intent to be acquired by Applied Digital Solutions (ADSX) , in an all-stock transaction. ADSX is the parent company of IntelleSale.com. This letter of intent supersedes the prior proposal, announced on April 12, 2000, for the merger of IntelleSale.com and ATEC Group.

Under the terms of the letter of intent, Palm Beach-based Applied Digital would acquire all outstanding shares of ATEC Group's common stock, payable in shares of ADSX stock, at a rate of 1.25 shares of ADSX stock for each share of ATEC. The transaction, subject to various terms and conditions, including approval by ATEC Group shareholders, is expected to close in July 2000.

 

 Anything Internet (ANYI) to acquire Inform Worldwide

   *  Amount:         $12 million

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      D+

DENVER, May 5--Anything Internet (OTCBB: ANYI), a publicly held e-service company, has entered into a Letter of Intent to acquire Inform Worldwide of Englewood, Colo., for approximately $12,000,000. The Letter of Intent was approved by the board of both companies on May 4, 2000, and is expected to close within the next 60 days. Inform Worldwide develops cost effective, location-based services that enable businesses to increase productivity, profitability and market share. With this acquisition, Anything Internet is expanding in the use of the Internet to increase business productivity.

 

 Cisco Systems (CSCO) to acquire ArrowPoint Communications (ARPT)

   *  Amount:         $5.7 billion

   *  Terms:            2.12 CSCO shares for each ARPT share

   *  Premium:        20%

   *  Industry:        Speed/Bandwidth

   *  Scorecard:      A

SAN JOSE, May 5--Cisco Systems (CSCO) announced a definitive agreement to acquire publicly traded ArrowPoint Communications (ARPT) of Acton, Mass. Cisco is acquiring ArrowPoint to provide its customers with a feature-rich, flexible content switching platform.

Under the terms of the agreement, Cisco will exchange 2.1218 shares of Cisco common stock for every outstanding share and option of ArrowPoint Communications. Based on the closing price of $63 5/8 on May 4, 2000, this exchange ratio values the transaction at approximately $5.7 billion. This acquisition will be accounted for as a pooling of interests and is expected to be completed in the fourth quarter of Cisco's fiscal year 2000.