When Hewlett-Packard Co. announced the $2.7 billion purchase of 3Com Corp., it let the world know that H-P intends to compete fully with Cisco Systems Inc. in the corporate data center.
With its strength in Ethernet, 3Com gives HP a major piece of the pie, but it still needs a few more slices if it wants to be a one-stop-shop for data centers.
Technology companies are launching big advertising campaigns as they wager on a pickup in business spending and jockey to have their products stand apart in an environment where new customers are hard to find and competition is intensifying.
Raising estimates on expectations of stronger spending by telephone companies, Barclay’s Capital analyst Jeff Kvaal today raised his rating on Cisco Systems to “Overweight” from “Equal Weight” and raised his price target to $28 from $24. Cisco shares are up $1.12, or 5%, at $23.75.
Cisco Systems CEO John Chambers was one of the first tech executives to predict that the recession–then limited to the financial sector–would spread to the rest of the economy. Now he’s among the first to say it’s on the way back.
Microsoft Corp. and Nokia Corp., once bitter rivals in the mobile market, formed an alliance to strengthen their positions at a time when other competitors have become far more troublesome.
The deal between the two companies will bring Microsoft’s Office programs and other software to Nokia phones. It is aimed squarely at the professional market that Research In Motion Ltd. targets so successfully with its BlackBerry line of smart phones.
Cisco Systems on Wednesday held a news conference with Warner Music to promote software to create and manage Web sites, one of nearly 30 new businesses the tech-equipment maker is getting into that it says has the potential to someday reach $1 billion in revenue.
It’s a terrible day to be some big tech company, folks. Following disappointing quarterly reports by Microsoft and Amazon.com that sent their shares down eight percent this evening, Juniper Networks, a $14 billion (market cap) competitor to Cisco Systems this evening reported sales and profit for its Q2 that beat estimates, and a better-than-expected forecast, but it wasn’t enough for the stock.
Internet traffic will increase fivefold over the next five years, driven in large part by a jump in the amount of video transmitted across the network, according to Cisco Systems.
The finding highlights a study of the demand on communications networks between 2008 and 2013 that the computer-equipment maker plans to release Tuesday.
Cisco on Monday announced an initiative to sell high-tech gear to utilities, a market the company says could be a $20 billion-a-year market by 2014.
Political junkies may have heard the term “smart grid,” which is one of the areas that the Obama administration has targeted with its stimulus package. The government is committing billions to facilitate building a next-generation electrical grid that’s more energy efficient.
As I noted earlier this month, the recent Cisco Systems decision to to move into the server business came with the risk that it might irritate both IBM and Hewlett-Packard, both of whom control big pieces of the server business while also reselling Cisco networking gear.
The rumor mill has been swirling for months now that Cisco Systems, the giant maker of networking hardware, is going to start selling computers, too. The big reveal is almost here: Cisco on Monday plans to tell the world what it has been working on in secret for the last two years.
Amid a recession that has many families cutting back on their spending, sports teams are trying to find new ways to lure fans to their stadiums and off their couches. One part of the strategy will be on display this weekend at the NBA All-Star game in Phoenix.
Cisco CEO John Chambers just might be one the most careful executives in the Valley about talking to the press; in a brief chat with Tech Trader Daily at a media reception last night, he didn’t give away much about his views on the state of the economy or the current quarter. But he did have a few things to say. Here’s a summary.
Nortel Networks, the once multibillion dollar telecom vendor now trading as a micro cap, may be considering offers of as much as $1 billion for its product portfolio of gear that lets phone companies string Ethernet networking to homes and businesses.
Global Equities’ Trip Chowdhry thinks so. His theory is that companies trying to hold onto talent while waiting out the recession will do so by shifting to a four-day week. Workers’ salaries would be reduced by 20 percent, but so would their commuting time. Totally worth it, right? Here’s the kicker, though: Chowdhry also contends that widespread 20 percent salary cuts means real estate prices in the Bay Area will be forced down from “artificially inflated prices.” Where do I sign up?
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