Cisco Systems Inc will cut 550 jobs and shut down its Flip camera business in an overhaul of its troubled consumer products, following chief John Chambers’ recent admission that the company had lost its way. Get the full story »
Cisco
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Cisco revenue up, but some on Street want more
Cisco Systems served up a 19 percent jump in quarterly revenue as a revived economy encouraged more spending on networks to route Internet traffic, but some investors had hoped for stronger proof of a technology sector recovery. Get the full story »
Cisco unveils $599 home videoconference system
Cisco Systems Inc. launched a $599 home version of its TelePresence videoconference system as the network equipment maker seeks to expand in the consumer market. Get the full story »
U.S. manufacturing likely grew at slower pace
Bloomberg News | Manufacturing probably expanded in September at the slowest pace in 10 months, underscoring the Federal Reserve’s forecast of “modest” U.S. growth, economists said before reports today. Get the full story »
Aug. 18, 2010 at 5:17 p.m.
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Filed under: Internet, Policy, Technology, Telecommunications U.S. companies, others meet again on Web traffic
Lobbyists for phone, cable and Internet companies including Yahoo Inc. and Microsoft Corp. met Wednesday to again try to agree on how to manage Internet traffic, three sources familiar with the meeting said.
The sources said the Federal Communications Commission (FCC) and Google Inc were not involved in the latest industry effort to agree on “net neutrality”, the concept that high-speed Internet providers should not block or slow selected information or make websites pay for faster ways to reach users. Get the full story »
July 27, 2010 at 3:30 p.m.
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Filed under: Earnings, Stock activity, Technology, Telecommunications Tellabs stock drops despite solid earnings
Fears that Tellabs Inc. may lose some business with top customer AT&T Inc. to a rival sent the company’s shares down nearly 6 percent Tuesday, despite its stronger-than-expected results and outlook.
The communications equipment maker said it was benefiting from a push by phone companies to upgrade wireless networks that support smartphones and other new devices, but cited tough competition among vendors. Get the full story »
Cisco unveils Cius tablet computer for business
Cisco Systems Inc is launching a tablet computing device aimed at business customers, becoming the latest company to wade into the red-hot tablet market. The networking equipment maker unveiled the Cius Tuesday, a lightweight, 7-inch tablet based on Google Inc.’s Android operating system. Get the full story »
Tellabs shares up 8%
Tellabs Inc. shares increased 8 percent in early afternoon trading after losing ground in recent weeks on speculation AT&T would switch to cheaper routers from rival Cicso Systems Inc., causing it to lose business. Get the full story »
