Red Hat (RHT) Takeover Rumors Discussed by Cisco (CSCO) Execs

May 21, 2014 11:00 AM EDT

While Cisco (NASDAQ: CSCO) doesn't appear interested in Rackspace (NYSE: RAX), comments from executives on a podcast today suggests the company could potentially acquire partner Red Hat (NYSE: RHT).

Nar the end of the segment (35:00) with podcast host Greg Knieriemen, Peder Ulander, Vice President of Marketing for Cisco Collaboration, and Joe Onisick, Technical Marketing Engineer at Cisco, discuss rumors Cisco could buy Red Hat. Although the executives did not address the rumors directly (no 'yes'or 'no' answer), they noted that Red Hat is an important partner of Cisco and integral part of data centers around the world. They also said with the cash on hand, Cisco could easily buy the company and others.

The executives also discussed rumors that Cisco is done with EMC (NYSE: EMC) and VCE (36.50).

Shares of Red Hat are up 0.7% today to $50.10.

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