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December 2, 2008 4:27:01 AM CST

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14 Stories

MARKET Open

 Retail Fears Drive Stocks Down 

Same-store sales weak in October

Wall Street Journal Wall Street Journal Nov 6, 08 8:51 AM CST
(Newser) - Stocks took a modest slide at the open today, thanks to dismal data from retailers. The Dow fell 57 points, while the Nasdaq and S&P dropped 1.1% and 0.9% respectively, the Wall Street Journal reports. Most retailers, with the notable exception of Wal-Mart, posted bleak same-store sales for October, which, combined with Cisco slashing its current-quarter estimates, overshadowed any bump from European rate cuts. More »

 Web's Growth Shows 
 No Sign of Pause 

Mobile volume will double every year through 2012, Cisco study says

GigaOm GigaOm Jun 16, 08 2:21 PM CDT
(Newser) - Internet traffic continues to grow at an astonishing pace, GigaOm reports. A study by Cisco Systems has found that world network traffic will increase 46% from 2007 to 2012. By 2012, the annual bandwidth demand is estimated to become 522 exabytes—a billion gigabytes. More »

More about:  Internet • Cisco • Cisco Systems • bandwidth • growth • bandwidth usage • Internet infrastructure

Startup Site Wants to See Your Paycheck

Glassdoor.com gives users dirt on others in exchange for theirs

TechCrunch TechCrunch Jun 11, 08 2:06 PM CDT
(Newser) - Ever wonder how much people at Google or Microsoft really make? Just-launched Glassdoor.com wants to tell you, TechCrunch reports. Essentially, the site collects self-submitted compensation reports and reviews for as many jobs at as many firms as possible. Open to everyone are full details for Googe, Yahoo, Microsoft, and Cisco; users can get dirt on other outfits by submitting their own details. More »

More about:  Google • Microsoft • Apple • Yahoo • Cisco • Cisco Systems • compensation • employer

Cisco Develops a Lighter Touch in Acquisitions

Tech giant develops new strategy for new era in takeovers

Wall Street Journal Wall Street Journal Apr 17, 08 1:59 PM CDT
(Newser) - Cisco, once famous for swallowing small companies whole and digesting them without leaving a trace of their former brand names (or management), is forging a new acquisition strategy. As it targets new, Internet-based technologies that it’s less familiar with, the company has developed a lighter touch, as evidenced by several recently acquired businesses that operate with much greater independence, reports the Wall Street Journal . More »

MARKETS

Stocks Rise Despite Bad Vibes

Dow reverses three-day decline

MarketWatch MarketWatch Feb 7, 08 3:30 PM CST
(Newser) - The Dow climbed 46.90 points to 12,247 in the face of bad news, ending a seesaw day up and breaking a three-day slump. Existing homes sales fell 1.5% in December, and tech bellwether Cisco reported weaker third-quarter growth than expected, but prices were low enough to stave off the bears. “There are a lot of deep discounts, and value buyers are out there,” said a trader. More »

More about:  Dow Jones • S&P 500 • Federal Reserve • home sales • Cisco

New Cisco Unit First Based Abroad

Will aim to wire entire cities in Middle East, China, India from Bangalore HQ

Financial Times (UK) Financial Times (UK) Dec 26, 07 10:10 PM CST
(Newser) - Dozens of new cities are to be built in China, India, and the Middle East in the coming decade and Cisco Systems wants to network them top-to-bottom, the Financial Times reports. The networking equipment giant is setting up a new business center in Bangalore, India, as part of its push to expand in the developing world. More »

More about:  China • Internet • India • technology • Middle East • telecommunications • Cisco • Cisco Systems • Bangalore • computer network

2nd Possible CEO Successor
Quits Cisco

A leadership team will replace Charles Giancarlo

PC World PC World Dec 21, 07 11:40 AM CST
(Newser) - Charles Giancarlo, chief development officer and exec VP of Cisco, will leave the company after 14 years, in the networking giant's second major departure of 2007. Giancarlo, who was seen as a possible successor to CEO John Chambers, will become managing director of private equity firm Silver Lake in January, reports PC World . More »

More about:  Cisco • management

Bank Industry Woes Spill Over to RIM

BlackBerry maker’s stock drops after Cisco's negative projections

Reuters Reuters Nov 9, 07 10:59 AM CST
(Newser) - Research in Motion’s share price run-up ended yesterday on worries about softness in the banking industry, after Cisco Systems reported declining orders for its products, Reuters reports. The BlackBerry maker’s stock was up 140% since June, with analyst raising price targets 30-50% after its Oct. 5 quarterlies. RIM closed off 6.4%, $8.55, on Nasdaq at $122.48. More »

More about:  BlackBerry • stock • Cisco • Research in Motion

Cisco Profits Up, But Murky Outlook Drags Stock Down

Networking giant posts solid first
quarter; prospects dimmer for next one

MarketWatch MarketWatch Nov 7, 07 8:51 PM CST
(Newser) - Cisco touted a 37% increase in its first-quarter profits, but it wasn’t enough on Wall Street to overcome a pessimistic outlook for the company's current quarter. The network equipment maker said its revenue-growth forecast of $9.79 billion will fall just short of the $9.81 billion most analysts expected. The news depressed the stock by 9% in after-hours trading, MarketWatch reports. More »

Cisco Marches Into China With $16B Expansion

Network king partners with Chinese firm on censored Internet

Associated Press Associated Press Nov 1, 07 11:33 AM CDT
(Newser) - Cisco Systems, the giant of network gear, has announced a long-term, $16 billion expansion into Chinese markets, reports the AP. The multi-part expansion includes doubling Cisco's manufacturing in the country, a venture capital program in collaboration with a government bank, and a partnership with China's largest commerce website to produce business services. More »

More about:  China • Internet • censorship • Cisco • routers

More Losses at Alcatel, and More Layoffs

French-American telecom giant still sputtering 18 months in

Financial Times (UK) Financial Times (UK) Nov 1, 07 11:22 AM CDT
(Newser) - Alcatel-Lucent, the troubled Franco-American telecommunications company, announced yet more job cuts yesterday as the company posted its third consecutive quarterly loss. Alcatel had already planned to downsize by 12,500 employees, but another 4,000 will lose their jobs to reduce costs. 18 months after the French takeover of Lucent, reports the Financial Times , the merger has produced not a powerhouse but a slow-moving behemoth. More »

More about:  telecom industry • Cisco • Ericsson • Alcatel Lucent • Patricia Russo

Tech Giant Cisco Will Buy WiMax Firm for $330M

Navini's technology will enable widespread 3rd world internet access

Fortune Magazine Fortune Magazine Oct 24, 07 2:53 PM CDT
(Newser) - Cisco Systems announced yesterday that it will purchase WiMax innovator Navini Networks for $330 million in cash and stock, Fortune reports. WiMax is similar to existing wireless technology except that its signals can be received by computers up to five miles away. Cisco's acquisition represents a reversal of previously held skepticism about the technology. More »

More about:  Cisco • WiMax

Microsoft Sees Office Phone as Next Frontier

Software giant likely to butt heads with Cisco in lucrative market

Fortune Magazine Fortune Magazine Oct 17, 07 11:24 AM CDT
(Newser) - Microsoft is famous for ever-more-complicated programs for ever-faster computers, and now it's taking aim at an overlooked piece of hardware: the phone. Yesterday, Bill Gates launched a line of software designed for office telephones that aims to make phone tag a thing of the past. It's a multi-billion-dollar sector, Fortune writes, but one in which rival Cisco is already well invested. More »

More about:  Microsoft • Bill Gates • telephone • Cisco

Techs Surge Despite Late Drop

Nasdaq up more than 2%

Wall Street Journal Wall Street Journal Aug 8, 07 4:46 PM CDT
(Newser) - The major indexes were up again today, buoyed by the tech sector as the Nasdaq gained 51.38—more than 2%—to close at 2612.98. Losses just before the bell came close to erasing earlier gains, as rumors amplified that Goldman Sachs would liquidate a major fund and that Fannie Mae and Freddie Mac wouldn’t get regulatory permission to buy mortgage loans. More »

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