Cisco to Buy Starent Networks for $2.9B

ciscoBetting on the growing popularity of data-hungry phones like the iPhone, Cisco Systems Inc. said Tuesday it had agreed to pay $2.9 billion for Starent Networks Corp., a maker of equipment for wireless carriers.

Starent, of Tewksbury, Mass., makes equipment that allows carriers to tie their wireless networks to the Internet.

San Jose-based Cisco is paying $35 per share in cash, a 21 percent premium to Monday’s closing price of $29.03. Starent’s board has accepted the offer, and the parties expects the deal to close early next year.

Starent shares rose $5.50, or 19 percent, to $34.53 in Tuesday morning trading. The shares went public in 2007 at $12 per share, and hit an all-time low of $7.30 in November last year.

Cisco shares rose 15 cents to $23.93.

Cisco said it expects the deal to reduce earnings, excluding items, in the current and next fiscal year, and start adding to earnings in 2012.

Starent will become Cisco’s new Mobile Internet Technology Group, headed by Starent CEO Ashraf Dahod.

In the second quarter, Starent earned $15.2 million on $78.3 million in revenue.

It is the second major acquisition in two weeks for Cisco, the world’s largest maker of computer networking gear. On Oct 1., it announced a deal to buy Tandberg ASA, a leading maker of videoconferencing gear, for $3 billion. Cisco is coming out of the recession with the largest cash balance of any technology company, at $35 billion at the end of July.

Mobile

T-Mobile says Sprint merger will boost 5G speeds by up to 6 times

2019 will be a huge year for T-Mobile. Not only is a merger with Sprint likely, but T-Mobile is also in the midst of building out its next-generation mobile service. Here's everything you need to know about the T-Mobile 5G rollout.
Home Theater

Cutting the cord? Let us help you find the best service for live TV streaming

There's a long list of live TV streaming services available to help you cut the cord and replace your traditional TV subscription. Each is different in important ways, and this guide will help you find the best one for you.
Mobile

Avoid scratches and dents with the 20 best iPhone 8 Plus cases

So you've got a new iPhone? Congrats! But with a glass design, and looks to die for, you'd best keep it safe. Not sure about the best case choice? Check out our guide to the best iPhone 8 Plus cases for some great ideas.
Mobile

Moto G7 Play vs. Nokia 3.1 Plus: Two budget veterans slug it out

The Moto G7 Play is the new super-budget superstar on the block, with a new processor, compact design, and fresh features. But can it take down the Cricket-exclusive Nokia 3.1 Plus? We compared the two to find out.
Mobile

How to check your IMEI number on an iPhone, Android, or other device

If you're wondering how to check your IMEI number, then this guide will show you how to do it, regardless of what phone you have. You can find your IMEI number using the dialer, in settings, or in a couple of other places.
Mobile

Need more power now? Here's how you can fast charge your iPhone

The new iPhones have almost everything an iOS addict could want -- except for a fast charger. If you need your iPhone powered back up in a hurry, here's everything you need to know to get your iPhone charged up quickly.
Mobile

The Apollo Traveller is the fastest recharging power bank we’ve ever used

Power banks are getting better all the time, but the Apollo Traveller from Elecjet hits new heights in terms of charging and recharging speeds thanks to the use of a graphene composite for cooling. Here's what happened when we tried it out.
Deals

From Air to Pro, here are the best MacBook deals for February 2019

If you’re in the market for a new Apple laptop, let us make your work a little easier: We hunted down the best up-to-date MacBook deals available online right now from various retailers.
Computing

These are the 6 best free antivirus apps to help protect your MacBook

Malware protection is more important than ever, even if you eschew Windows in favor of Apple's desktop platform. Thankfully, protecting your machine is as easy as choosing from the best free antivirus apps for Mac suites.
Computing

Get ready for new AirPods, MacBooks as rumored dates for Apple WWDC 2019 emerge

Apple developers and fans alike look forward, every year, to the company's World Wide Developer Conference, WWDC, and for this year, we already have the rumored dates that might bring us Apple's latest tech announcements.
Computing

This Mac keyboard is slim, dark, and clicky, but it’s still not perfect

There aren't many great mechanical keyboards for Macs. The Keychron K1 is just the latest attempt to join that hallowed group, but does its blend of style and substance tick all the boxes?
Computing

These 30 useful apps are absolutely essential for Mac lovers

There are literally hundreds of thousands of great software programs compatible with MacOS, but which should you download? Look no further than our list of the best Mac apps you can find.
Mobile

Need a date for Valentine's Day? Cozy up with the best dating apps of 2019

Everyone knows online dating can be stressful, time-consuming, and downright awful. Check out our top picks for the best dating apps, so you can streamline the process and find the right date, whatever you're looking for.
Computing

One of these monitors will look great next to your new MacBook Pro

Apple doesn't make its beloved Cinema Display monitors anymore, which makes finding the best monitor for the MacBook Pro more difficult. In this guide, we break down some of our favorites and offer something for every size and budget.