Ned Hooper, the Cisco Chief Strategy Officer, responded to the reports in a blog post that this deal might be falling through with the emphasis on the risks and costs that are involved and said that the purchase would have to be making a financial sense in end. Hooper wrote that the bottom line is this that Cisco will always be acting with the fiscal prudence.

On the 1st of October, Cisco has announced an agreement for buying Tandberg for and amount of 153.5 Norwegian kroner which is about $26.69 per share, which is the approximate price of the shares of the company at that time. This offer was recommended the board of directors of Tandberg unanimously but it still needs approval by 90 percent of shareholders of the company by Nov. 9. But these shareholders represent 24 percent of the Tandberg's shares who have reported that they do not plan to accept this deal. They are thinking that Tandberg can succeed only on its own but is open to higher offers from Cisco or some other suitor as according to the reports of last month.