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According to latest news, Cisco systems Inc has raised its bid from $ 3 billion to $ 3.4 billion for Norway’s Tandberg ASA (World’s largest video conferencing equipment provider); Cisco system is world’s largest maker of computer networking equipment having revenue of about $ 36.10 billion in year 2009; list of some popular products consists of routers, DSL and long reach Ethernet equipment, Cisco security manager, Cisco watches etc.

According to news reports Tandberg shares rose 3.5 percent to close at 163.20 Norwegian kroner in Oslo and Cisco shares rose 28 cents, or 1.2 percent, to $23.99 in Monday trading.