Cisco results signal economic recovery underway
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John Chambers, CEO for the networking giant, said he saw positive results across the board and indicated the economic environment is improving globally.
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This came from cnet news
John Chambers, CEO for the networking giant, said he saw positive results across the board and indicated the economic environment is improving globally.
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AP – Hewlett-Packard Co.’s $2.7 billion takeover of 3Com Corp. is a shot at networking leader Cisco Systems Inc. — and a sign of how old relationships are being frayed by a flurry of maneuvers by technology heavyweights.
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AP – Cisco Systems Inc. doesn’t want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. and other economies are roaring back.
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AP – Betting on the growing popularity of data-hungry phones like the iPhone, Cisco Systems Inc. said Tuesday it had agreed to pay $2.9 billion for Starent Networks Corp., a maker of equipment for wireless carriers.
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AP – Cisco Systems Inc. said earnings fell 46 percent in its latest quarter, but the profit beat Wall Street expectations and the company said the quarter may have been the bottom of the recession-related downturn.
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John Chambers, head of the tech industry bellwether, says quarterly orders for networking gear followed normal trends, signifying the economy is likely improving.
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Cisco is adding new functions in its WebEx service that could threaten Microsoft’s own business collaboration efforts.
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AP – Miles per hour out. Bits per second in.
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