{"id":73,"date":"2007-04-10T23:59:17","date_gmt":"2007-04-11T05:59:17","guid":{"rendered":"http:\/\/www.techventurebusiness.com\/index.php\/archives\/73"},"modified":"2008-09-24T20:10:43","modified_gmt":"2008-09-25T03:10:43","slug":"cisco%e3%81%aema%e6%88%a6%e7%95%a5-part-1","status":"publish","type":"post","link":"https:\/\/www.techventurebusiness.com\/blog_jpn\/archives\/73","title":{"rendered":"Cisco\u306eM&#038;A\u6226\u7565 &#8211; Part 1"},"content":{"rendered":"<p>\u3069\u3046\u3082\u3002\u66ab\u304f\u3042\u3044\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002\u7686\u3055\u307e\u5982\u4f55\u304a\u904e\u3054\u3057\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u4eca\u65e5\u306f\u79c1\u7684\u306b\u306f\u4e45\u3005\u306b\u9762\u767d\u3044\u8a18\u4e8b\u306b\u51fa\u4f1a\u3044\u307e\u3057\u305f\u3002<a href=\"http:\/\/www.businessweek.com\/bwdaily\/dnflash\/content\/apr2007\/db20070409_398076.htm\" target=\"_blank\">Business Week\u306e\u8a18\u4e8b<\/a>\u3067Cisco \u306e\u65b0\u305f\u306aM&amp;A\u6226\u7565\u306b\u3064\u3044\u3066\u89e6\u308c\u305f\u3082\u306e\u3067\u3059\u3002Cisco\u306f\u3053\u308c\u307e\u3067\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u30d9\u30f3\u30c1\u30e3\u30fc\u3092\u4e2d\u5fc3\u306b\u6570\u3005\u306e\u8cb7\u53ce\u3092\u884c\u3063\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u65e2\u306b\u5de8\u5927\u4f01\u696d\u3067\u3042\u308bCisco\u304c\u66f4\u306b\u52e2\u3044\u3088\u304f\u6210\u9577\u3057\u7d9a\u3051\u308b\u305f\u3081\u306b\u3001\u4eca\u5f8c\u306f\u3088\u308a\u5927\u898f\u6a21\u306e\u8cb7\u53ce\u3092\u884c\u3063\u3066\u3044\u304f\u3064\u3082\u308a\u3060\u3068\u3044\u3046\u3082\u306e\u3067\u3059\u3002<\/p>\n<blockquote><p>Cisco made its name by buying small, usually privately held companies just as they finished developing new technology. Cisco would use its sales force to sell the new gear to corporate customers who wouldn\u2019t open their doors to a startup. Sales would surge.<\/p>\n<p>But Cisco is now so large that it needs to make bigger plays to have an impact on the top line. It\u2019s stalking companies that already have substantial revenue, along with the potential for much more growth. \u2026\u201dIt\u2019s the only way to move the needle at a company of this size.\u201d<\/p><\/blockquote>\n<p>\u65e2\u306b\u5e74\u9593$34 billion\u3082\u306e\u58f2\u4e0a\u3092\u51fa\u3059\u4f01\u696d\u304c\u3001\u5e7415%\u306e\u6210\u9577\u3092\u76ee\u6307\u3059\u3068\u306a\u308b\u3068\u3001\u78ba\u304b\u306b\u5c0f\u3055\u304f\u8cb7\u3063\u3066\u5927\u304d\u304f\u80b2\u3066\u308b\u3068\u3044\u3046\u3053\u308c\u307e\u3067\u306e\u624b\u6cd5\u3060\u3051\u3067\u306f\u96e3\u3057\u3044\u306e\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3067\u3059\u304c\u3001\u3053\u306e\u65b0\u305f\u306a\u65b9\u91dd\u3067\u3044\u304f\u3068\u3001\u672a\u9032\u51fa\u306e\u5206\u91ce\u30fb\u5e02\u5834\u6216\u3044\u306f\u540c\u3058\u751f\u614b\u7cfb\u306e\u4ed6\u306e\u30ec\u30a4\u30e4\u30fc\u306b\u89e6\u624b\u3092\u4f38\u3070\u3059\u3068\u3044\u3046\u4e8b\u3067\u3059\u304b\u3089\u3001\u4eca\u5f8cCisco\u3068\u3044\u3046\u4f1a\u793e\u306e\u59ff\u304c\u304b\u306a\u308a\u5909\u308f\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u7686\u3055\u3093\u306f\u3001\u30d9\u30f3\u30c1\u30e3\u30fc\u3092\u8cb7\u53ce\u3059\u308b\u306e\u3068\u3001\u65e2\u306b\u5b9f\u7e3e\u306e\u3042\u308b\u5927\u304d\u3081\u306e\u4f01\u696d\u3092\u8cb7\u53ce\u3059\u308b\u306e\u3068\u3001\u3069\u3061\u3089\u304c\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u3068\u601d\u3044\u307e\u3059\u304b\uff1f\u3000\u4e8b\u696d\u63d0\u643a\u7b49\u3068\u306f\u7570\u306a\u308a\u3001 M&amp;A\u306e\u5834\u5408\u306f\u4e00\u822c\u7684\u306b\u8cb7\u53ce\u306e\u898f\u6a21\u304c\u5927\u304d\u3044\u307b\u3069\u3001\u5b9f\u306f\u5931\u6557\u306e\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u306e\u3067\u3059\u3002\u7279\u306b\u81ea\u793e\u3068\u540c\u7a0b\u5ea6\u306e\u30b5\u30a4\u30ba\u306e\u4f01\u696d\u3068\u306e\u5408\u4f75\u306f\u96e3\u3057\u3044\u4e8b\u304c\u591a\u3044\u306e\u304c\u5b9f\u60c5\u3067\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u8cb7\u53ce\u306b\u5fc5\u8981\u306a\u8cc7\u91d1\u304c\u591a\u984d\u3060\u3068\u3044\u3046\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u8cb7\u53ce\u304c\u81ea\u793e\u306e\u672c\u4f53\u305d\u306e\u3082\u306e\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u304c\u975e\u5e38\u306b\u5927\u304d\u3044\u3068\u3044\u3046\u4e8b\u3068\u3001\u8cb7\u53ce\u5f8c\u306e\u7d71\u5408\u304c\u975e\u5e38\u306b\u96e3\u3057\u3044\u3068\u3044\u3046\u4e8b\u304c\u5927\u304d\u306a\u8981\u56e0\u3067\u3059\u3002\u6cc1\u3057\u3066\u3084\u3001\u6700\u8fd1\u65e5\u672c\u3067\u5897\u3048\u3066\u3044\u308b\u6575\u5bfe\u7684\u8cb7\u53ce\u3068\u306a\u308b\u3068\u3001\u696d\u754c\u306e\u30b3\u30f3\u30bd\u30ea\u30c7\u30fc\u30b7\u30e7\u30f3\u3068\u3044\u3046\u610f\u5473\u3067\u306f\u610f\u7fa9\u306e\u3042\u308b\u3053\u3068\u3082\u591a\u3044\u3067\u3059\u304c\u30011+1=2\u4ee5\u4e0a\u306e\u6210\u529f\u3092\u3059\u308b\u78ba\u7387\u306f\u304b\u306a\u308a\u4f4e\u3044\u3068\u3044\u3063\u3066\u3082\u826f\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<blockquote><p>One thing Cisco won\u2019t do is try to strike a mega-merger, with a company about the same size. That puts him at odds with rivals such as Lucent Technologies and France\u2019s Alcatel, which recently agreed to combine. \u201cWe don\u2019t want to do mergers of equals,\u201d says Hooper. \u201cReally large deals often fail.\u201d<\/p><\/blockquote>\n<p>\u305d\u3053\u3067Cisco\u306f\u5de8\u5927\u8cb7\u53ce\u306f\u3057\u306a\u3044\u3001\u3068\u306e\u3053\u3068\u3002\u7d0d\u5f97\u3067\u3059\u3002<\/p>\n<p>Cisco\u306fR&amp;D\u306a\u3089\u306cA&amp;D (Acquisition &amp; Development\uff09\u624b\u6cd5\u3092\u78ba\u7acb\u3057\u305f\u3068\u3082\u8a00\u308f\u308c\u3001\u6570\u3005\u306e\u5c0f\u898f\u6a21M&amp;A\u3092\u6210\u529f\u3057\u3066\u304d\u305f\u4e8b\u3067\u826f\u304f\u77e5\u3089\u308c\u3066\u3044\u307e\u3059\u304c\uff08 \u79c1\u306e\u8a18\u61b6\u304c\u6b63\u3057\u3051\u308c\u3070\u3053\u308c\u307e\u3067\u306b\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306f120\u793e\u7a0b\u306b\u4e0a\u308a\u307e\u3059\uff09\u3001\u8fd1\u5e74\u306eScientific Atlanta\u306e\u5927\u578b\u8cb7\u53ce\u3082\u8ecc\u9053\u306b\u4e57\u308a\u3001\u3053\u308c\u307e\u3067\u306e\u84c4\u7a4d\u304b\u3089\u66f4\u306a\u308b\u5927\u578b\u8cb7\u53ce\u3082\u3044\u3051\u308b\u3068\u3044\u3046\u81ea\u4fe1\u304c\u3064\u3044\u3066\u304d\u305f\u306e\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3053\u306e\u3088\u3046\u306b\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u5927\u578b\u8cb7\u53ce\u3067\u3059\u304c\u3001\u3053\u308c\u304b\u3089Cisco\u304c\u3069\u306e\u3088\u3046\u306a\u4f01\u696d\u3092\u9078\u629e\u3057\u3001\u3069\u306e\u3088\u3046\u306b\u7d71\u5408\u306e\u8235\u53d6\u308a\u3092\u3057\u3066\u3044\u304f\u306e\u304b\u8208\u5473\u6df1\u3044\u3068\u3053\u308d\u3067\u3059\u306d\u3002<\/p>\n<p>\u4eca\u65e5\u306e\u8a71\u306f\u30d9\u30f3\u30c1\u30e3\u30fc\u306b\u76f4\u7d50\u3057\u307e\u305b\u3093\u3067\u3057\u305f\u304c\u3001\u6b21\u56de\u306fCisco\u304c\u3053\u308c\u307e\u3067\u63a8\u9032\u3057\u3066\u304d\u305fA&amp;D\u3068\u3044\u3046\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u30d9\u30f3\u30c1\u30e3\u30fc\u3092\u6226\u7565\u7684\u306b\u8cb7\u53ce\u3057\u3066\u81ea\u793e\u306e\u6210\u9577\u306e\u7ce7\u3068\u3059\u308b\u624b\u6cd5\u306b\u3064\u3044\u3066\u89e6\u308c\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u306f\u307e\u305f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u3069\u3046\u3082\u3002\u66ab\u304f\u3042\u3044\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002\u7686\u3055\u307e\u5982\u4f55\u304a\u904e\u3054\u3057\u3067\u3057\u3087\u3046\u304b\u3002 \u4eca\u65e5\u306f\u79c1\u7684\u306b\u306f\u4e45\u3005\u306b\u9762\u767d\u3044\u8a18\u4e8b\u306b\u51fa\u4f1a\u3044\u307e\u3057\u305f\u3002Business Week\u306e\u8a18\u4e8b\u3067Cisco \u306e\u65b0\u305f\u306aM&amp;A\u6226\u7565\u306b\u3064\u3044\u3066\u89e6\u308c\u305f\u3082\u306e\u3067\u3059\u3002Cisco\u306f\u3053 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-73","post","type-post","status-publish","format-standard","hentry","category-ma"],"_links":{"self":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts\/73","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/comments?post=73"}],"version-history":[{"count":1,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts\/73\/revisions"}],"predecessor-version":[{"id":290,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts\/73\/revisions\/290"}],"wp:attachment":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/media?parent=73"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/categories?post=73"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/tags?post=73"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}