Interesting perspective -- read the full post for details. Not a happy scenario for Cisco, if accurate.
Seven years ago WebEx went public just before the IPO market collapsed beating its closest rival PlaceWare, which filed just weeks after WebEx. PlaceWare eventually withdrew it's IPO and was later acquired by Microsoft for $200 million in 2003. Now WebEx is being acquired by Cisco for $3.2 billion. In my opinion, this is happening just as profits in the web conferencing market are about to dry up.