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Technologist deep in thought, contemplating and conversing casually to make social connections.
WebEx investors will receive $57 a share in cash, the companies said in a statement today. The offer is 23 percent higher than the Santa Clara, California-based company's closing share price of $46.20 yesterday.
Cisco will add WebEx's services to products for making phone calls, sending messages and holding meetings over the Internet, allowing for integrated communication. The company and Microsoft, which bought WebEx rival PlaceWare Inc. in 2003, are battling for corporate customers who want to simulate face-to-face meetings.
"It's a very attractive market, a growth market,'' said Ari Bensinger, an equity analyst at Standard & Poor's in New York. He has a ``hold'' rating on the shares and doesn't own any. "We like the video conferencing aspects of this deal. Cisco provides the corresponding pieces for this.''
Cisco, the world's biggest maker of computer-networking equipment, said the purchase won't affect earnings excluding some items in fiscal 2008. The companies said they expect the deal to close in the fourth quarter of Cisco's 2007 fiscal year.
Shares of San Jose, California-based Cisco rose 4 cents to $25.89 at 12:03 p.m. New York time in Nasdaq Stock Market trading. WebEx shares surged 22 percent to $56.49 in Nasdaq trading. The stock had gained 32 percent this year before today.
A senior Microsoft executive predicted last week that the average cost of VoIP service for businesses will tumble by a staggering 50% over the next three years.
Jeff Raikes, President of Microsoft’s Business Division, said that the falling prices will be apparent as VoIP systems make the shift from hardware to software. He went on to say that 100 million people will be able to make calls from Microsoft Office applications during this same time period.
“Software is set to transform business phone systems as profoundly as it has transformed virtually every other form of workplace communication,” said Raikes.
“Over time, the software-based VoIP technology built into Microsoft Office Communications Server and Microsoft Office Communicator will offer so much value and cost savings that it will make the standard telephone look like that old typewriter that’s gathering dust in the stockroom.”
Raikes indicated that Microsoft plans to distribute the public beta version of Office Communications Server 2007, Microsoft’s VoIP and unified communications server, and Office Communicator 2007, to testers later this month.
Read the rest of the storyHoli - the festival of colors - is undoubtedly the most fun-filled and boisterous of Hindu festival. It's an occasion that brings in unadulterated joy and mirth, fun and play, music and dance, and, of course, lots of bright colors to make a festive graffiti on every heart.
Happy Days Are Here Again!
With winter neatly tucked up in the attic, it's time to come out of our cocoons and enjoy this spring festival. Every year it is celebrated on the day after the full moon in early March and glorifies good harvest and fertility of the land. It is also time for spring harvest. The new crop refills the stores in every household and perhaps such abundance accounts for the riotous merriment during Holi. This also explains the other names of this celebration - 'Vasant Mahotsava' and 'Kama Mahotsava'.
"Don't Mind, It's Holi!"
During Holi, practices, which at other times could be offensive, are allowed. Squirting colored water on passers-by, dunking friends in mud pool amidst teasing and laughter, getting intoxicated on bhaang and reveling with companions is perfectly acceptable. In fact, on the days of Holi, you can get away with almost anything by saying, "Don't mind, it's Holi!" (Hindi = Bura na mano, Holi hai.)
The Festive License!
Women, especially, enjoy the freedom of relaxed rules and sometimes join in the merriment rather aggressively. There is also much vulgar behavior connected with phallic themes. It is a time when pollution is not important, a time for license and obscenity in place of the usual societal and caste restrictions. In a way, Holi is a means for the people to ventilate their 'latent heat' and experience strange physical relaxations.
Like all Indian and Hindu festivals, Holi is inextricably linked to mythical tales. There are at least three legends that are directly associated with the festival of colors: the Holika-Hiranyakashipu-Prahlad episode, Lord Shiva's killing of Kamadeva, and the story of the ogress Dhundhi.
The Holika-Prahlad Episode
The evolution of the term Holi makes an interesting study in itself. Legend has it that it derives its name from Holika, the sister of the mythical megalomaniac king Hiranyakashipu who commanded everyone to worship him. But his little son Prahlad refused to do so. Instead he became a devotee of Vishnu, the Hindu God.
Hiranyakashipu ordered his sister Holika to kill Prahlad and she, possessing the power to walk through fire unharmed, picked up the child and walked into a fire with him. Prahlad, however, chanted the names of God and was saved from the fire. Holika perished because she did not know that her powers were only effective if she entered the fire alone.
This myth has a strong association with the festival of Holi, and even today there is a practice of hurling cow dung into the fire and shouting obscenities at it, as if at Holika.
Colorful days, solemn rituals, joyous celebrations - Holi is a boisterous occasion! Draped in white, people throng the streets in large numbers and smear each other with bright hued powders and squirt colored water on one another through pichkaris (big syringe-like hand-pumps), irrespective of caste, color, race, sex, or social status; all these petty differences are temporarily relegated to the background and people give into an unalloyed colorful rebellion. There is exchange of greetings, the elders distribute sweets and money, and all join in frenzied dance to the rhythm of the drums.
No surprise -- MySpace.com tops the list with 11.9% of all time spent online (or 29 billion minutes in December 2006) by U.S. internet users. Here is a list of the top 20 websites, capturing 39% of all U.S. internet online time, according to Compete.com: