<SUBMISSION>
<ACCESSION-NUMBER>0000891618-03-001326
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20030319
<ITEMS>5
<ITEMS>7
<FILING-DATE>20030320
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CISCO SYSTEMS INC
<CIK>0000858877
<ASSIGNED-SIC>3576
<IRS-NUMBER>770059951
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>0731
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-18225
<FILM-NUMBER>03609842
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>170 WEST TASMAN DR
<CITY>SAN JOSE
<STATE>CA
<ZIP>95134-1706
<PHONE>4085264000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>225 WEST TASMAN DR
<CITY>SAN JOSE
<STATE>CA
<ZIP>95134-1706
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f88629e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Cisco Systems, Inc. Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</FONT>

<DIV align="center"><FONT size="3">Washington, D.C. 20549
</FONT>
</DIV>

<P align="center"><FONT size="4"><B>FORM 8-K</B>
</FONT>

<P align="center"><FONT size="3"><B>CURRENT REPORT</B>
</FONT>

<P align="center"><FONT size="2">Pursuant to Section&nbsp;13 or 15(d)<BR>
of the Securities Exchange Act of 1934
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><FONT size="2">Date of Report (Date of earliest event reported):</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>March&nbsp;19, 2003</B></FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="6"><B>CISCO SYSTEMS, INC.</B>
</FONT>

<HR size="1" noshade>




<DIV align="center"><FONT size="2">(Exact name of the Registrant as specified in its charter)
</FONT>
</DIV>

<P align="center"><FONT size="2"><B>California</B>
</FONT>

<HR size="1" noshade>




<DIV align="center"><FONT size="2">(State or other
jurisdiction of
incorporation)
</FONT>
</DIV>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2"><B>0-18225</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>77-0059951</B></FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">(Commission
File Number)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(IRS Employer Identification No.)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2"><B>170 West Tasman Drive, San Jose, California</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>95134-1706</B></FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">(Address of principal executive offices)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(Zip Code)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>(408)&nbsp;526-4000</B>
</FONT>

<HR size="1" noshade>




<DIV align="center"><FONT size="2">(The Registrant&#146;s telephone number, including area code)
</FONT>
</DIV>

<P align="center"><FONT size="2"><B>NOT APPLICABLE</B>
</FONT>

<HR size="1" noshade>




<DIV align="center"><FONT size="2">(Former name or former address, if changed since last report)
</FONT>
</DIV>

<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>



<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;5. Other Events and Regulation&nbsp;FD Disclosure.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;7. Financial Statements, Pro Forma Financial Information and Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="f88629exv99w1.htm">EXHIBIT 99.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f88629exv99w2.htm">EXHIBIT 99.2</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link2 "Item&nbsp;5. Other Events and Regulation&nbsp;FD Disclosure." -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;5. Other Events and Regulation&nbsp;FD Disclosure.</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;19, 2003, Cisco Systems, Inc. (the &#147;Registrant&#148;) announced that
it had entered into a definitive agreement to acquire privately-held
SignalWorks, Inc., a California corporation, and on March&nbsp;20, 2003, the
Registrant announced that it had entered into a definitive agreement to acquire
the business of privately-held The Linksys Group, Inc., a
California corporation. Copies of the press releases issued by the Registrant
concerning the foregoing transactions are filed herewith as Exhibit&nbsp;99.1 and
Exhibit&nbsp;99.2 and are incorporated herein by reference.
</FONT>
<!-- link2 "Item&nbsp;7. Financial Statements, Pro Forma Financial Information and Exhibits." -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;7. Financial Statements, Pro Forma Financial Information and Exhibits.</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><FONT size="2">(c)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Exhibits.</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release of the Registrant, issued on March
19, 2003, announcing a definitive agreement to acquire
SignalWorks, Inc.</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
99.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release of the Registrant, issued on March
20, 2003, announcing a definitive agreement to acquire the business of The Linksys Group, Inc.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="2"><B>CISCO SYSTEMS, INC.</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Dated: March&nbsp;20, 2003</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">/s/ DANIEL SCHEINMAN</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Daniel Scheinman,<br>
<I>Senior Vice President<br>
and Assistant Secretary</I><br></FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="center"><FONT size="2"><B>EXHIBIT INDEX</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description of Document</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">99.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Press Release of the Registrant, issued on March&nbsp;19, 2003,
announcing a definitive agreement to acquire SignalWorks,
Inc.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">99.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Press Release of the Registrant, issued on March&nbsp;20, 2003,
announcing a definitive agreement to acquire the business of The
Linksys Group, Inc.</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;</FONT>




</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>f88629exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>EXHIBIT 99.1<BR>
PRESS RELEASE</B></FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Business Press Contact:</B><br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>Investor Relations Contact:</B><br></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Jim Brady<br>
Cisco Systems, Inc.<br>
(408)&nbsp;853-3168<br>
jambrady@cisco.com<br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Blair Christie<br>
Cisco Systems, Inc.<br>
(408)&nbsp;525-4856<br>
blchrist@cisco.com<br></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Trade Press Contact:</B><br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>Analyst Relations Contact:</B><br></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Robert Lopez<br>
Cisco Systems, Inc.<br>
(408)&nbsp;525-1285<br>
robertlo@cisco.com<br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Laura Irwin<br>
Cisco Systems, Inc.<br>
(408)&nbsp;853-8876<br>
lirwin@cisco.com<br></FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>Cisco Systems to Acquire
SignalWorks</B><br><I>Acquisition Advances Cisco&#146;s Leadership in High-growth IP Telephony Market</I>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAN JOSE, Calif., March&nbsp;19, 2003 &#150;&#150; Cisco Systems, Inc., today announced a
definitive agreement to acquire privately-held SignalWorks, Inc. of Mountain
View, Calif., a developer of advanced software that delivers high-performance
audio capabilities for IP telephony systems. The acquisition advances Cisco&#146;s
leadership in the fast-growing global IP (Internet Protocol) telephony market,
which is expected to increase from approximately $900&nbsp;million in 2002 to $4.3
billion in 2006 (Synergy Research Group).
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the terms of the agreement, Cisco common stock, worth an aggregate
value of approximately $13.5&nbsp;million, will be exchanged for all outstanding
shares and options of SignalWorks. The acquisition of SignalWorks is expected
to close by the fourth quarter of Cisco&#146;s Fiscal Year 2003. The acquisition
has been approved by the board of directors of each company and is subject to
various closing conditions.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;The acquisition of SignalWorks reinforces Cisco&#146;s continued commitment to
leadership in IP telephony,&#148; said Marthin De Beer, vice president and general
manager of Cisco&#146;s Enterprise Voice and Video Business Unit. &#147;The SignalWorks
core technology team is comprised of seasoned industry veterans with many years
of experience in voice and digital signal processing, and the integration of
SignalWorks&#146; voice technology with Cisco&#146;s market-leading IP telephony product
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="left"><FONT size="2"> portfolio will drive continued innovation and performance differentiation
for Cisco. Ultimately, this acquisition will allow Cisco to attract new small
business, enterprise and service provider customers.&#148;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SignalWorks&#146; Acoustic Echo Canceller (AEC)&nbsp;software, which provides
unparalleled voice clarity, is a digital full duplex, voice-processing
algorithm that will drive continued product innovation and differentiation
across Cisco&#146;s complete line of IP phones and IP softphones. Already deployed
in Cisco IP phones used by several Fortune-500 companies, SignalWorks&#146; AEC
software delivers advanced audio features, such as multiple microphone
capabilities, stereo sound, and PC-based softphones, providing the basis for
the future expansion of Cisco&#146;s IP phone product line into new high-end
markets. This advanced audio and speakerphone capability will allow Cisco to
further penetrate the enterprise, small- and medium-sized business, and service
provider managed services markets.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SignalWorks was founded in 1994. SignalWorks&#146; employees will join Cisco&#146;s
Voice Technology Group under the leadership of Don Proctor, vice president and
general manager of Cisco&#146;s Voice Technology Group.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IP telephony allows data, voice, and video to be transmitted over a single
network infrastructure, providing new capabilities and cost savings for
enterprises, small- and medium-sized businesses and service providers that
offer managed services. With more than 6,000 IP communications customers
worldwide and over 1.5&nbsp;million IP phones shipped to date, Cisco continues its
momentum in delivering IP Communications solutions. According to the Synergy
Research Q4 2002 report, Cisco continues its leadership with the number-one
market share position in the LAN Telephony market. Cisco is also number one in
unit volume of IP phones shipped and enterprise voice gateways shipped.
</FONT>
<P align="left"><FONT size="2"><B>About Cisco Systems</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking
for the Internet. News and information are available at www.cisco.com.
</FONT>
<P align="left"><FONT size="2"><B>Safe Harbor Statement</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This release may be deemed to contain forward-looking statements which are
subject to the safe harbor provisions of the Private Litigation Reform Act of
1995. These forward-looking statements include, among other things,
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="left"><FONT size="2">statements regarding the potential growth of the market in which SignalWorks
operates, the anticipated timing of closing, and the anticipated benefits of
the combination of SignalWorks with Cisco on Cisco&#146;s product offerings and
ability to penetrate specified markets. Readers are cautioned that these
forward-looking statements are only predictions and may differ materially from
actual future events or results. Readers are referred to the documents filed
by Cisco with the SEC, specifically the most recent reports on Form&nbsp;10-K and
10-Q, each as it may be amended from time to time, which identify important
risk factors that could cause actual results to differ from those contained in
these forward-looking statements. Among the important factors or risks that
could cause actual results or events to differ materially from those in the
forward-looking statements in this release are: this acquisition may not close
on a timely basis or at all, due to failure to satisfy closing conditions or
otherwise; risks associated with the successful integration of SignalWorks&#146;
business; Cisco may not be able to retain key employees of SignalWorks;
anticipated benefits of this acquisition may not be realized; competition and
pricing pressure in the IP telephony industry; dependence on the introduction
and market acceptance of new product offerings and standards; rapid
technological and market change; Internet infrastructure problems and
government regulation of the Internet; global economic conditions;
uncertainties in the geopolitical environment; and possible disruption in
commercial activities occasioned by terrorist activity and armed conflict. The
information in this release is current as of the date of this release, but may
not remain accurate as of any future date. Cisco does not undertake any duty
to update the information provided in this release, except as otherwise
required by law.
</FONT>
<P align="center"><FONT size="2"># # #
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of
Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other
countries. All other trademarks mentioned in this document are the property of
their respective owners.
</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>




</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>f88629exv99w2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="right"><FONT size="2"><B>EXHIBIT 99.2<BR>
PRESS RELEASE</B></FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Business Press Contact:</B><br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>Investor Relations Contact:</B><br></FONT></TD>
</TR>

<TR valign="bottom">
     <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
   <TD valign="top"><FONT size="2">Jeanette Gibson<br>
Cisco Systems, Inc.<br>
(408)&nbsp;525-8965<br>
jegibson@cisco.com</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Blair Christie<br>
Cisco Systems, Inc.<br>
(408)&nbsp;525-4856<br>
blchrist@cisco.com</FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2"><B>Trade Press Contact:</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Analyst Relations Contact:</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">Michael Hakkert<br>
Cisco Systems, Inc.<br>
(408)&nbsp;526-4794<br>
mhakkert@cisco.com</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Rachel Myles<br>
Cisco Systems, Inc.<br>
(619)&nbsp;701-4655<br>
ramyles@cisco.com</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>Cisco Systems Announces Agreement to Acquire The Linksys Group, Inc.</B><BR>
<I>Represents Cisco&#146;s Entry into the High-Growth Home Networking Market</I></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAN JOSE, Calif., March&nbsp;20, 2003 &#150;&#150; Cisco Systems, Inc., today announced a
definitive agreement to acquire the business of privately held The Linksys
Group, Inc. of Irvine, Calif. Linksys is the leading provider of home
networking products with a broad line of wired and wireless products for
consumers and SOHO (small office/home office) users. This acquisition
represents Cisco&#146;s entry into the high-growth consumer/SOHO networking market,
which is expected to grow from $3.7&nbsp;billion in 2002 to $7.5&nbsp;billion in 2006
worldwide (<I>sources: compiled from Dell&#146;Oro Group, Synergy</I>)<I>. </I>Home networks
allow consumers to share broadband Internet connections, files, printers,
digital music, photos, and gaming, all over a wired or wireless LAN (local area
network).
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the terms of the agreement, Cisco will issue common stock with an
aggregate value of approximately $500&nbsp;million to acquire the Linksys business
and to assume all outstanding employee stock options. The acquisition of
Linksys is expected to close in the fourth quarter of Cisco&#146;s fiscal year 2003.
Cisco expects the acquisition of Linksys to be dilutive by no more than $0.01
to its FY2004 GAAP EPS. Exclusive of acquisition charges, Cisco
anticipates this transaction will add approximately $0.01 to its FY2004
pro-forma EPS. The transaction will be accretive to both GAAP and pro-forma
earnings thereafter. The acquisition has been approved by the board of
directors of each company and is subject to
</FONT>
<P align="center"><FONT size="2">&nbsp;
</FONT>

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<P><FONT size="2"> various closing conditions, including expiration or termination of the
applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Fueled by consumer broadband adoption, the home networking space has
experienced mass market acceptance. Linksys has captured a strong position in
this growing market by developing an extensive, easy-to-use product line for
the home and small office,&#148; said John Chambers, president and CEO of Cisco
Systems. &#147;This acquisition is a solid example of Cisco&#146;s strategy to broaden
its end-to-end portfolio of network solutions into high-growth markets such as
wireless, voice-over-IP and storage area networking.&#148;
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This acquisition enables Cisco to extend its networking technology
expertise in the enterprise and service provider markets into the high-growth
consumer networking market. Linksys has the most extensive product line in
home networking, with more than 70 products including wireless routers and
access points for simultaneous sharing of broadband Internet connections,
wireless network adapters and wireless print servers as well as traditional
wired products such as Ethernet routers and cable modems, unmanaged switches
and hubs, print servers and network attached storage for easy sharing of
digital music, photo and video media files.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;This acquisition supports our vision to drive innovations into the
consumer market and create next-generation home networking solutions,&#148; said
Charles Giancarlo, Senior VP and General Manager, Product Development of Cisco Systems. &#147;The
unique combination of Cisco&#146;s networking innovations and Linksys&#146; consumer
leadership will enable consumers to benefit from exciting new capabilities and
enjoy an easy and reliable home networking experience.&#148;
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With Cisco&#146;s networking expertise and Linksys&#146; user-friendly features,
consumer and SOHO users will be able to build high quality networks designed
for the home or small office environment. A home network enables families to
better utilize their broadband Internet connections by offering the ability to
share Internet access using either wired or wireless connections. Some of the
benefits of a home network include:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="left"><FONT size="2">&#149;</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">Sharing broadband Internet connection among several users</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="left"><FONT size="2">&#149;</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">Interconnecting computers to share files such as photos, music, documents, etc.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD width="1%" align="left"><FONT size="2">&#149;</FONT></TD>
   <TD width="1%" nowrap><FONT size="2">&nbsp;&nbsp;</FONT></TD>
   <TD width="97%"><FONT size="2">Sharing resources such as printers and storage</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;
</FONT>

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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In a wireless network environment, all of the above functions can be performed
without costly wiring or cabling using wireless technology that enable
computers to communicate to each other through an access point using the IEEE
802.11a, b or g radio frequency (up to 54Mbps data rate).
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon closing of the acquisition, Linksys&#146; business will be operated as a
division of Cisco, and its products will continue to be sold under the Linksys
brand through its existing retail, distributor and e-commerce channels. In
addition, Linksys will have access to Cisco&#146;s sales infrastructure to address
international markets and the service provider channel.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Linksys Group, Inc. was founded in 1988 and has 308 employees. The
Linksys business, led by Victor Tsao, chief executive officer, will be operated
as a division of Cisco reporting to Charlie Giancarlo, Senior VP and
General Manager, Product Development.
</FONT>
<P align="left"><FONT size="2"><B>About Cisco Systems</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking
for the Internet. News and information are available at www.cisco.com.
</FONT>
<P>
<HR size="1" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">




<P><FONT size="2">Editors Note: Cisco will hold a conference call for press and analysts on
March&nbsp;20, 2003 at 7:00 a.m. PT. The domestic dial-in number is 888-469-2190,
international dial-in number is 312-470-7154. Replay will be available from
9:30am PT, March&nbsp;20th through 9:30am PT, March&nbsp;22nd. Replay info: domestic,
800-327-0517, international, 402-220-0184. An audio webcast will be available
at www/cisco.com/go/investors, under &#147;webcast &#038; events&#148;. Further information
regarding the Linksys acquisition including an executive Q&#038;A and a video is
available on News@Cisco: http://newsroom.cisco.com.
</FONT>
<P><FONT size="2">Editors Note: Cisco compiled research data for the consumer/SOHO market
projections from two separate analyst reports, Dell&#146;Oro Group, January 2003 and
Synergy, December 2002.
</FONT>
<P><FONT size="2">Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of
Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other
countries. All other trademarks mentioned in this document are the property of
their respective owners.
</FONT>
<P><FONT size="2">This release may be deemed to contain forward-looking statements which are
subject to the safe harbor provisions of the Private Litigation Reform Act of
1995. These forward-looking statements include, among other things, statements
regarding the potential growth of the market in which Linksys operates, the
anticipated impact of this acquisition on Cisco&#146;s future results of operations,
the anticipated timing of closing, the anticipated benefits of the combination
of Linksys with Cisco, and trends in business conditions. Readers are cautioned
that these forward-looking statements are only predictions and may differ
materially from actual future events or results. Readers are referred to the
documents filed by Cisco with the SEC, specifically the most recent reports on
Form&nbsp;10-K and 10-Q, each as it may be amended from time to time, which identify
important risk factors that could cause actual results to differ from those
contained in these forward-looking statements. Among the important factors or
risks that could cause actual results or events to differ materially from those
in the forward-looking statements in this release are:
</FONT>
<P align="center"><FONT size="2">&nbsp;
</FONT>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P><FONT size="2">this acquisition may not close on a timely basis or at all, due to failure to
satisfy closing conditions or otherwise; risks associated with the successful
integration of Linksys&#146; business; Cisco may not be able to retain key employees
of Linksys; anticipated benefits of this acquisition may not be realized;
global economic conditions; uncertainties in the geopolitical environment;
pricing pressure in the consumer/small office/home office networking industry;
competition in the networking industry; dependence on the introduction and
market acceptance of new product offerings and standards; rapid technological
and market change; Internet infrastructure problems and government regulation
of the Internet; international operations; litigation involving patents and
intellectual property matters; and possible disruption in commercial activities
occasioned by terrorist activity and armed conflict. Any projections in this
release are based on limited information currently available to Cisco, which is
subject to change. The information in this release is current as of the date
of this release, but may not remain accurate as of any future date. Cisco does
not undertake any duty to update the information provided in this release,
except as otherwise required by law.
</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>


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