Tribe.net

Networking company Cisco Systems is to buy the underlying technology assets of also-ran social networking site Tribe.net, according to a report in the New York Times. The paper says the announcement will be made this week.As the New York Times points out, it’s a curious match. With 55,000 employees, Cisco makes networking equipment for large companies, while Tribe.net has eight employees, and has been outpaced by successful social networking sites like MySpace and Facebook.