LATD Latitude Communications (MM)

Latitude Communications Announces Termination of HSR ACT Waiting Period SANTA CLARA, Calif., Dec. 3 /PRNewswire-FirstCall/ -- Latitude Communications, Inc. , a leading provider of fully integrated web and voice conferencing applications, announced today the termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 pertaining to the proposed acquisition of Latitude by Cisco Systems, Inc. Additional Information about the Proposed Acquisition and Where You Can Find It In connection with the proposed acquisition of Latitude by Cisco, Latitude filed with the Securities and Exchange Commission (SEC) a preliminary proxy statement and other relevant materials on November 21, 2003. Latitude expects that the definitive proxy statement will be filed with the SEC on December 3, 2003 and will be mailed to the stockholders of Latitude on or about December 4, 2003. Before making any voting decision with respect to the proposed acquisition of Latitude by Cisco, investors and stockholders of Latitude are urged to read the definitive proxy statement and other relevant materials because they will contain important information about the proposed acquisition. The definitive proxy statement and other relevant materials, and any other documents filed by Latitude with the SEC, may be obtained free of charge at the SEC's web site at http://www.sec.gov/. In addition, investors and stockholders of Latitude may obtain free copies of the documents filed with the SEC by contacting Latitude Investor Relations at 408-988-7200 or Latitude Communications, Inc., 2121 Tasman Drive, Santa Clara, CA 95054. You may also read and copy any reports, statements and other information filed by Latitude with the SEC at the SEC public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the SEC's other public reference rooms in New York, New York and Chicago, Illinois. Please call the SEC at 1-800-SEC-0330 for further information on its public reference rooms. Latitude and Cisco and their respective executive officers and directors may be deemed to be participants in the solicitation of proxies from the Latitude stockholders in favor of the proposed acquisition of Latitude by Cisco. Certain executive officers and directors of Latitude have interests in the merger, including employment agreements, retention bonuses, severance arrangements, acceleration of vesting of stock options and their ownership of Latitude's common stock, and these interests are described in the definitive proxy statement. Forward Looking Statements This document contains forward-looking statements which are subject to safe harbors created under the U.S. federal securities laws. Statements regarding future events are based on Latitude's current expectations and are necessarily subject to associated risks related to, among other things, obtaining Latitude stockholder approval of the proposed acquisition of Latitude by Cisco, the potential impact on the business of Latitude due to uncertainty about the proposed acquisition, the retention of employees of Latitude, the ability of Cisco to successfully integrate Latitude's products, technology and operations and to achieve planned synergies, and whether (and how quickly) the market for enterprise conferencing develops and evolves as anticipated. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the "Risk Factors" section of Latitude's most recent Form 10-Q filed with the SEC on November 13, 2003. Latitude undertakes no obligation to revise or update any forward-looking statements for any reason. DATASOURCE: Latitude Communications, Inc. CONTACT: Marlo DeLeon, Investor Relations of Latitude Communications, Inc., +1-408-988-7296, or Web site: http://www.latitude.com/

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