2Wire which makes gateways and modems for DSL market is planning to go public in 2005, according to Venture Wire. The company could could get a lot of interest from Wall Street because of its expansion into the set-top box market, and its growing ties with SBC. I suspect, this IPO filing would be a way for company to set a price for itself, and then a larger probably sell itself to a larger player like Cisco.
2Wire Plans an IPO
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7:41 AM PT
[...] First, this is interesting news because only a few weeks back Cisco bought Scientific Atlanta for $6.9 billion. I had heard that Cisco had made an offer for 2Wire, but the deal did not go through because of certain customer’s displeasure with the router maker. 2Wire had IPO ambitions but that didn’t go anyway, and this might have been the best option available. I suspect, this IPO filing would be a way for company to set a price for itself, and then a larger probably sell itself to a larger player like Cisco. [...]
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