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Short Take: Cisco closes buy of Fibex Systems, Amteva

Cisco Systems announced the completion of the acquisition of equipment maker Fibex Systems and messaging software provider Amteva Technologies. Cisco expects a one-time charge of 2 cents to 7 cents per share for in-process research and development expenses to count against fourth-quarter earnings. The company also said it intends to invest $20 million in its India operations, including a rapid expansion of its employee base over the next 12 to 18 months.

Cisco Systems announced the completion of the acquisition of equipment maker Fibex Systems and messaging software provider Amteva Technologies. Cisco expects a one-time charge of 2 cents to 7 cents per share for in-process research and development expenses to count against fourth-quarter earnings. The company also said it intends to invest $20 million in its India operations, including a rapid expansion of its employee base over the next 12 to 18 months.