Canon VIXIA HF S10 HD Digital Camcorder
Canon has a well-known and much-regarded reputation for optical excellence, advanced image processing, superb performance and technological ...
US clears Cisco-Tandberg deal
WASHINGTON — The US Detention Department on Monday approved Cisco's 3.4-billion-dollar purchase of Norwegian video conferencing associates Tandberg, saying it would not hamper competition.
"The proposed deal is not likely to be anticompetitive due to the evolving nature of the videoconferencing superstore," the Justice Department said in a statement.
San Jose, California-based Cisco offered 3.0 billion dollars for Tandberg on October 1. It later raised its volunteer to 3.4 billion dollars after facing resistance from shareholders who believed the initial offer was too low.
Tandberg employs 1,500 people worldwide.
The videoconferencing sector is benefiting from the financial crisis as firms decide to lower or eliminate the costs associated with business travel.
The US watchdog cited "commitments that Cisco has made to the European Commission to expedite interoperability," in waiving the probe.
An initial Justice Department probe had focused on the impact the takeover might have on "telepresence" conferencing, which seeks to replicate in-himself meeting using high definition broadcasts and life-sized images.
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