Cisco

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Cisco Develops a Lighter Touch in Acquisitions

Tech giant develops new strategy for new era in takeovers

(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...

Oracle Stock Dives 8% on Flagging Q3 Revenue
Oracle Stock Dives 8%
on Flagging Q3 Revenue
Earnings report

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

(Newser) - Oracle missed its third-quarter revenue projections yesterday and investor reaction was swift and dramatic: shares of the software maker dropped 8% in after-hours trading, reports the Wall Street Journal. This despite the fact that Oracle’s profits rose 30% to $1.34 billion, 26 cents per share, from $1.03...

Justices' Stock Portfolios Cripple Cases

Supreme Court left deadlocked by recusals amid calls to divest

(Newser) - The stock portfolios of Supreme Court justices have become a flash point this term, in which six cases could be affected by justices recusing themselves because they own financial stakes in companies involved. Chief Justice John Roberts, Justice Samuel Alito, and Justice Stephen Bryer have bowed out of cases involving...

Stocks Rise Despite Bad Vibes
Stocks Rise Despite Bad Vibes
MARKETS

Stocks Rise Despite Bad Vibes

Dow reverses three-day decline

(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...

Fortune Names Top Employers
Fortune Names Top Employers

Fortune Names Top Employers

Fortune Lists the top 100

(Newser) - Thinking of a career move? Fortune Magazine has released its 100 best employers for 2008 list—and the top 10 are:
  1. Google (Mountain View, CA)
  2. Quicken Loans (Livonia, MI)
  3. Wegmans Food Markets (Rochester, NY)
  4. Edward Jones (St. Louis, MO)
  5. Genentech (South San Francisco, CA)

Cisco Unveils A Much Faster Switch
Cisco Unveils A Much Faster Switch

Cisco Unveils A Much Faster Switch

Capable of transferring 90,000 Netflix movies in 38.4 seconds

(Newser) - Cisco is introducing a network switch today that can handle much greater quantities of data traffic than its current products. Aimed at corporations working with large amounts of Internet and remote data, as well as ISPs, the Nexus 7000 switch would be capable of transferring all 90,000 of Netflix’...

New Cisco Unit First Based Abroad
New Cisco Unit First Based Abroad

New Cisco Unit First Based Abroad

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

(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...

Cisco Goes Green with Energy Gauging
Cisco Goes Green with Energy Gauging

Cisco Goes Green with Energy Gauging

Networking company to measure power use from data centers

(Newser) - Green-minded Cisco Systems is looking to improve energy efficiency by monitoring power consumption, operating temperature, and more from its enterprise data network. With energy costs and global warming worries escalating, Cisco plans to expand beyond communications and use its data network to help companies manage their power use and prevent...

2nd Possible CEO Successor Quits Cisco

A leadership team will replace Charles Giancarlo

(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,...

Valley Tech Giants Ditch Cubicles for Open Space

Some people miss them... for a little while

(Newser) - Silicon Valley giants like Intel, Cisco, and Sun, are experimenting with ditching cubicles to improve productivity. Execs at the companies say that the typical office gray maze isn't ideal anymore for the modern, connected workplace. "Collaboration has been shown to spark innovation and speed product to market," says...

HP Earnings Spike 28%
HP Earnings Spike 28%

HP Earnings Spike 28%

The PC and server giant enjoys high sales, not affected by economic slump

(Newser) - Computer and printer giant Hewlett-Packard rode strong server, software, and PC sales to a 28% boost in fourth quarter earnings from a year ago, CNN Money reports. The company posted a net profit of $2.2 billion, with a share price of 81 cents, up from 60 cents a year...

Bank Industry Woes Spill Over to RIM

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

(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...

Cisco Profits Up, But Murky Outlook Drags Stock Down

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

(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...

Cisco Marches Into China With $16B Expansion

Network king partners with Chinese firm on censored Internet

(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...

More Losses at Alcatel, and More Layoffs

French-American telecom giant still sputtering 18 months in

(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,...

Tech Giant Cisco Will Buy WiMax Firm for $330M

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

(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...

Microsoft Sees Office Phone as Next Frontier

Software giant likely to butt heads with Cisco in lucrative market

(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...

Techs Surge Despite Late Drop
Techs Surge Despite Late Drop

Techs Surge Despite Late Drop

Nasdaq up more than 2%

(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...

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