FRAMINGHAM (02/11/2000) - Cisco Systems Inc. last week reported net income of $825 million for the quarter ended Jan. 29, almost triple the income from the same period a year ago. San Jose-based Cicso posted net sales of $4.35 billion for the quarter, an increase of 53 percent from the $2.85 billion it reported for the same period last year.
Baan Co. NV, which is trying to recover from six consecutive quarters of losses, last week announced a deal to sell its Coda accounting software unit to U.K.-based Science Systems PLC for $50 million in cash. Netherlands-based Baan said it expects a financial gain of about $30 million from the sale, which is scheduled to be completed next month.
Kana Communications Inc. in Redwood City, Calif., and Silknet Software Inc. in Manchester, N.H., last week announced an agreement to merge in a deal valued at $4.2 billion. The companies said the merger will combine Kana's online customer communications offerings with Silknet's e-commerce systems.
Sun Microsystems Inc. has acquired Trustbase Ltd. in London for an undisclosed sum. Trustbase's subsidiary, JCP Computer Services Ltd., is a developer of public-key-infrastructure-enabling technology. Sun will integrate JCP's technology with its iPlanet e-commerce suite.
Hewlett-Packard Co. and Loudcloud Inc. in Sunnyvale, Calif., last week announced that they're working together to help high-growth Internet businesses get to market and scale faster. Loudcloud, which builds and runs Smart Cloud software services for Internet businesses, has tapped HP to be its preferred provider of Intel-based Windows NT and Linux servers.