estimated to be 32 cents...
Webb Interactive Services, Inc. Reports Agreement for Sale of Jabber, Inc.
Friday September 19, 1:35 pm ET
DENVER, Sept. 19 /PRNewswire-FirstCall/ -- Webb Interactive Services, Inc. (Pink Sheets: WEBB - News) today announced that Cisco Systems, Inc. (Nasdaq: CSCO - News) has entered into an agreement for the acquisition of Jabber, Inc., a minority-owned subsidiary of Webb. The acquisition is subject to various conditions and is expected to close in the first half of Cisco's fiscal year 2009, which ends in January 2009.
Based on a preliminary estimate of the proceeds available to Webb following the closing, Webb expects to be able to make a cash distribution to its shareholders of approximately $0.32 per share.
