For Immediate Release
Chicago, IL – November 18, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cisco System Inc. (CSCO), Logitech International SA (LOGI), Hewlett-Packard Company (HPQ), 3Com Corp. (COMS) and Citrix Systems Inc. (CTXS).
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Here are highlights from Tuesday’s Analyst Blog:
M&A in Videoconferencing Market
Merger and acquisition activities are heating up in the unified collaborative solutions market that provides videoconferencing. Prompted by the severe economic downturn, business enterprises on a global basis are restricting travel budgets to control costs. This makes high-definition telepresence solutions a cost-induced alternative in an increasingly interactive world. This market stands to gain in the near future since enterprises, governments, and educational institutions are increasingly recognizing the productivity-enhancing benefits of video conferencing.
Yesterday, Cisco System Inc. (CSCO) raised its acquisition price to $3.41 billion for Tandberg ASA, the largest videoconferencing product maker in the world with around 35% market share. Cisco itself is a developer of high-end videoconferencing solutions, which mainly comprises custom-designed digital boardrooms for executives and boards to hold global meetings. The merged entity will definitely be a much bigger player in the industry. On Nov 10, computer accessories maker Logitech International SA (LOGI) announced that the company will purchase privately held LifeSize Communications Inc, a developer of high-end high-definition videoconferencing gear for $405 million.
Hewlett-Packard Company (HPQ) another major player in this field has decided to acquire 3Com Corp. (COMS) for $2.7 billion. This acquisition will strengthen Hewlett-Packard’s videoconferencing solutions beside its IP-based data center related solutions. Virtual desktop maker Citrix Systems Inc. (CTXS) has recently strengthened its web conferencing solutions by adding integrated toll-free audio services for its GoToMeeting Corporate and GoToWebinar product-lines.
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