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.
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.
Cisco has decided to be a player in the consumer electronics business.
Cisco is a company that tends to be associated with enterprise networking–at its heart it remains a manufacturer of big honking routers. But over the last few years, the company has made a concerted effort to get into the consumer business.
Just like an old-fashioned piece of mail, data traveling over the Internet normally follow a predictable path. As the Internet continues to grow, however, experts have begun to worry that current routing protocols will be unable to cope with increased congestion.
UBS communications technology analyst Nikos Theodosopoulos this morning upped his rating on Juniper Networks (JNPR) to Buy from Neutral, while maintaining his $21 price target.
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