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San Jose-based Cisco Systems Inc. recently acquired wireless networking company The Linksys Group Inc. of Irvine for about $500 million in stock. Cisco also bought audio software maker SignalWorks Inc. of Mountain View in a $13.5 million stock deal. Attorneys in the San Francisco and Palo Alto offices of Fenwick & West represented Cisco in both transactions. Lawyers in the Orange County office of Paul, Hastings, Janofsky & Walker represented Linksys, and Wilson Sonsini Goodrich & Rosati represented SignalWorks Inc. The deals were done with an eye on the impending war in Iraq, said Douglas Cogen, the lead partner for the deals at Fenwick. Since the war began, the stock market has been on a roller-coaster ride, reacting negatively to reports that the war could last longer than originally thought. “People were certainly aware of trying to get this done before the war started,” said Cogen. “These deals were not intimately related to the war by any means, but transactional lawyers are always considering how to manage uncertainty, and no one was quite sure what would happen when the fighting started.” Cisco’s acquisition of Linksys marks the company’s first foray into the consumer networking market. Linksys will operate as a division of Cisco and will continue to sell its products under the Linksys brand. The company makes products that allow consumers to create wireless networks — or wi-fi — at home. With the SignalWorks deal, Cisco is increasing its presence in the Internet telephone arena. The company makes software that increases the clarity of sound in Internet calls, increasingly used by businesses in conferencing. The company’s employees will be merged into Cisco. In addition to Cogen, Fenwick Palo Alto partners Gordon Davidson, Jeffrey Vetter, Mark Ostrau, Bradford Lewis, and San Francisco partner Carlyn Clause; of counsel Valarie McInroy; and corporate associates Craig Menden, John Park, Andrew Schultheis, Keith Larson and David Barry worked on the Linksys deal. Associates Andrew Luh, John Shields and Melissa Trousdale worked on the SignalWorks deal. Cisco’s in-house lawyers included General Counsel Mark Chandler and in-house M&A attorney Scott Lester. Paul, Hastings partner William Simpson led the deal for Linksys. Partners Stephen Cooke and Douglas Schaaf and associates Mark Prochowski, Alexander Lee and Doaa Fathallah also worked on the deal. Wilson partner Douglas Collom led the deal for SignalWorks. Associates Mark Baudler and Katherine Stephens also worked on the deal. iSCIENCE SURGICAL Attorneys in the San Francisco office of Preston Gates & Ellis recently represented a startup through its $7 million second round of funding. The company, iScience Surgical Inc. is distinct because it has only five employees and no headquarters — each staffer works from home. The situation reminded Preston Gates lead partner Thomas Armstrong of the type of deal he worked on during the technology boom of the late ’90s. With new funding, the company will be searching for office space and hiring a few more people. “They haven’t decided where they’re going to set up shop yet,” Armstrong said. Founded in 1999, iScience develops imaging systems and microsurgical instruments for less invasive treatment of glaucoma. According to the company, 4.2 million Americans have the degenerative eye disease. Prism Venture Partners of Westwood, Mass., led the round. DeNovo Ventures of Menlo Park and Asset Management Co. of Palo Alto also invested. In addition to Armstrong, associate Jeannie Shin worked on the funding round in San Francisco.

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