8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 11, 2001

CISCO SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)

California	0-18225	77-0059951
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

170 West Tasman Drive, San Jose, California
(Address of Principal Executive Offices) 95134-1706
(Zip Code)

Registrant’s telephone number, including area code: (408) 526-4000

Item 5. Other Events.

      On July 11, 2001, Cisco Systems, Inc. (the “Registrant”) agreed to acquire AuroraNetics, Inc., a Delaware corporation, for up to approximately $150,000,000 in Registrant stock (valued for this purpose at $18.243 per share, which reflects the average of the closing prices for a share of Registrant’s stock as quoted on the Nasdaq Stock Market for the ten (10) consecutive trading days immediately preceding and ending on the trading day that is three (3) trading days prior to July 10, 2001). A copy of the press release issued by the Registrant on July 11, 2001 concerning the foregoing transaction is filed herewith as Exhibit 20.1 and is incorporated herein by reference.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

      (c) Exhibits.

      20.1 Press Release of Registrant, dated July 11, 2001, announcing Registrant’s agreement
to acquire AuroraNetics, Inc.

SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CISCO SYSTEMS, INC.
Dated: July 11, 2001	By:	/s/ DANIEL SCHEINMAN
		Daniel Scheinman Senior Vice President, Corporate Affairs

EXHIBIT INDEX

Exhibit
Number	Description of Document
20.1	Press Release of Registrant, dated July 11, 2001, announcing Registrant’s agreement to acquire AuroraNetics, Inc.

  EX-20.1 2 f74078ex20-1.txt EXHIBIT 20.1 1 EXHIBIT 20.1 PRESS RELEASE PRESS CONTACTS: INVESTOR RELATIONS CONTACTS: Robyn Jenkins Blair Christie Cisco Systems, Inc. Cisco Systems, Inc. (408) 853-9848 (408) 525-4856 rojenkin@cisco.com blchrist@cisco.com INDUSTRY ANALYST RELATIONS: Dora Ferrell Cisco Systems, Inc. (408) 527-4202 dferrell@cisco.com CISCO SYSTEMS TO ACQUIRE AURORANETICS ADVANCED SILICON TECHNOLOGY OPTIMIZES DATA TRAFFIC IN METROPOLITAN NETWORKS SAN JOSE, Calif., July 11, 2000 - Cisco Systems, Inc., today announced a definitive agreement to acquire privately held AuroraNetics, Inc. of San Jose, California. AuroraNetics is a developer of 10 gigabits per second (Gbps) silicon technology for metropolitan fiber networks. The acquisition of AuroraNetics enhances Cisco's development of innovative high-end routing technologies designed to address the rapid growth of data traffic in the metropolitan network environment Under the terms of the agreement, Cisco common stock worth an aggregate value of up to $150 million will be exchanged for all outstanding shares of AuroraNetics. This acquisition will be accounted for as a purchase and is expected to close in the first quarter of Cisco's fiscal year 2002. In connection with the acquisition, Cisco expects a one-time charge for purchased in-process research and development expenses not to exceed $0.01 per share. The acquisition has been approved by the board of directors of each company and is subject to various closing conditions. AuroraNetics' silicon technology is used in data-optimized fiber rings known as Resilient Packet Rings (RPR). RPR offers service providers the ability to create high-speed metropolitan networks that efficiently transport significant amounts of IP and other data, including Ethernet. Additionally, RPR provides Cisco customers with the intelligence of an IP network combined with the redundancy benefits of traditional SONET networks. RPR ensures that IP traffic travelling on fiber rings can be quickly restored in the event of a fiber cut, greatly reducing potential loss of service. Advancing Cisco's integrated IP and optical networking solutions, Cisco developed an innovative new product technology called Dynamic Packet Transport (DPT). Cisco DPT is the first and most broadly deployed pre-standard implementation of RPR in the industry. Cisco DPT 2 is based on the open Spatial Reuse Protocol (SRP) and combines the intelligence of IP routing with fiber ring architecture to enable an efficient and reliable way to send data between locations. AuroraNetics' silicon technology for RPR uses SRP and complements Cisco's DPT products by enabling the technology to scale from the current 2.5Gbps up to 10Gbps. Cisco plans to license AuroraNetics' silicon design to companies interested in producing and participating in the development of 10Gbps SRP RPR-based solutions. Licensing AuroraNetics' design augments Cisco's existing licensing of 2.5Gbps SRP silicon and will help accelerate industry availability of 10Gbps RPR products. AuroraNetics was founded in 2000 in San Jose, California. AuroraNetics' 52 employees led by AuroraNetics CEO, Nader Vasseghi, bring additional silicon expertise and will join Cisco's Public Carrier IP Services Group, Service Provider Line of Business, led by Roland Acra, vice president and general manager. ABOUT CISCO SYSTEMS Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the Internet. News and information are available at www.cisco.com/news. # # # Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. -----END PRIVACY-ENHANCED MESSAGE-----

EX-20.1

   1
                                                                    EXHIBIT 20.1
                                                                   PRESS RELEASE

PRESS CONTACTS:                              INVESTOR RELATIONS CONTACTS:
Robyn Jenkins                                Blair Christie
Cisco Systems, Inc.                          Cisco Systems, Inc.
(408) 853-9848                               (408) 525-4856
rojenkin@cisco.com                           blchrist@cisco.com

INDUSTRY ANALYST RELATIONS:
Dora Ferrell
Cisco Systems, Inc.
(408) 527-4202
dferrell@cisco.com

CISCO SYSTEMS TO ACQUIRE AURORANETICS

ADVANCED SILICON TECHNOLOGY OPTIMIZES DATA TRAFFIC IN METROPOLITAN NETWORKS

SAN JOSE, Calif., July 11, 2000 - Cisco Systems, Inc., today announced a
definitive agreement to acquire privately held AuroraNetics, Inc. of San Jose,
California. AuroraNetics is a developer of 10 gigabits per second (Gbps) silicon
technology for metropolitan fiber networks. The acquisition of AuroraNetics
enhances Cisco's development of innovative high-end routing technologies
designed to address the rapid growth of data traffic in the metropolitan network
environment

Under the terms of the agreement, Cisco common stock worth an aggregate value of
up to $150 million will be exchanged for all outstanding shares of AuroraNetics.
This acquisition will be accounted for as a purchase and is expected to close in
the first quarter of Cisco's fiscal year 2002. In connection with the
acquisition, Cisco expects a one-time charge for purchased in-process research
and development expenses not to exceed $0.01 per share. The acquisition has been
approved by the board of directors of each company and is subject to various
closing conditions.

AuroraNetics' silicon technology is used in data-optimized fiber rings known as
Resilient Packet Rings (RPR). RPR offers service providers the ability to create
high-speed metropolitan networks that efficiently transport significant amounts
of IP and other data, including Ethernet. Additionally, RPR provides Cisco
customers with the intelligence of an IP network combined with the redundancy
benefits of traditional SONET networks. RPR ensures that IP traffic travelling
on fiber rings can be quickly restored in the event of a fiber cut, greatly
reducing potential loss of service.

Advancing Cisco's integrated IP and optical networking solutions, Cisco
developed an innovative new product technology called Dynamic Packet Transport
(DPT). Cisco DPT is the first and most broadly deployed pre-standard
implementation of RPR in the industry. Cisco DPT


   2

is based on the open Spatial Reuse Protocol (SRP) and combines the intelligence
of IP routing with fiber ring architecture to enable an efficient and reliable
way to send data between locations. AuroraNetics' silicon technology for RPR
uses SRP and complements Cisco's DPT products by enabling the technology to
scale from the current 2.5Gbps up to 10Gbps.

Cisco plans to license AuroraNetics' silicon design to companies interested in
producing and participating in the development of 10Gbps SRP RPR-based
solutions. Licensing AuroraNetics' design augments Cisco's existing licensing of
2.5Gbps SRP silicon and will help accelerate industry availability of 10Gbps RPR
products.

AuroraNetics was founded in 2000 in San Jose, California. AuroraNetics' 52
employees led by AuroraNetics CEO, Nader Vasseghi, bring additional silicon
expertise and will join Cisco's Public Carrier IP Services Group, Service
Provider Line of Business, led by Roland Acra, vice president and general
manager.

ABOUT CISCO SYSTEMS

Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the
Internet. News and information are available at www.cisco.com/news.

                                      # # #

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