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Cisco-Linksys to Acquire KISS

Cisco Systems' Linksys division agreed to acquire privately-held KiSS Technology A/S, a developer of networked entertainment devices, for approximately $61 million in cash and stock. KiSS, which is based in Horsholm, Denmark, has a product portfolio that includes home video products such as networked DVD players and networked DVD recorders. KiSS's technology platform also has the capability to extend to other consumer electronics products. KISS recently introduced an IPTV set-top box which is compatible with Windows Media content. The product is already marketed via Denmark�s first broadband TV channel, TV-2 Sputnik, for viewing content over an ADSL connection. The KiSS MediaMate works in both standard-definition and high-definition streaming, and will also be certified to Microsoft�s PlaysForSure program. The MediaMate is equipped with a 802.11g connection. It uses the same chip technology from Sigma Designs as KiSS Technology�s other DVD-players and hard disk recorders.

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