Cisco to Buy NuSpeed

Cisco Systems Inc. said it will acquire NuSpeed Internet Systems, whose technology links storage networks with communications networks, for $450 million in stock. It is the 15th acquisition announced by Cisco this year and the second this week. Cisco said it would exchange about $450 million worth of its shares for all outstanding shares and options of Maple Grove, Minn.-based NuSpeed. Cisco said it would take a one-time write-off of 3 cents a share for purchase in-process research and development. Shares of San Jose-based Cisco closed off 56 cents at $68 on Nasdaq.