Cisco Systems Inc. on Wednesday reported a drop in quarterly profit and sales from a year ago, but the network equipment maker said parts of its business are beginning to turn around.
It is the buzz of the tech world: Cisco Systems may soon try selling servers, those heavy-duty computers that companies use to run critical back-office applications. The prospect of router giant Cisco's entering the already crowded $55-billion-a-year server market is intriguing (imagine if LeBron James decided to try his hand at football) but also has the potential to disappoint. (Remember Michael Jordan's ill-fated effort to play professional baseball?)
The global economic downturn will continue to hammer computer networking giant Cisco Systems Inc., chief executive John Chambers said Wednesday.
Silicon Valley powerhouse Cisco became the latest tech company to jump on the green bandwagon this week, with the announcement Tuesday of its new EnergyWise technology. Simply put, EnergyWise is a free update to IOS, the operating system for the company's ubiquitous Catalyst switches, that enables customers to monitor and regulate energy consumption of any device connected to the network.
Manny Rivelo, a senior vice president at Cisco Systems, belongs to more internal company teams than he can count on both hands. "I'm on a litany of them - three councils, maybe six boards, and five working groups," he says.
The first time Simon Gongora saw a videoconference over the Internet, he was hooked. He was running a business that hired out medical translators to hospitals so that non-English-speaking patients could converse with doctors. With Internet video, he realized, his translators could work remotely with a far wider range of hospitals - giving him an edge over competitors.
Stocks jumped Wednesday, ending a choppy session in positive territory, as investors welcomed falling oil prices, Cisco Systems' improved earnings and talk of a big share buyback plan at Microsoft.
More and more data go speeding along the information superhighway every day. Only trouble is, the roads in the U.S. are too narrow, and they're getting clogged. Unless carrying capacity increases rapidly, Internet users will experience more and more traffic jams in the form of slower service.
U.S. stocks looked set for a weak open Wednesday after tech bellwether Cisco Systems issued a cautious outlook, although that report was at least partly balanced by good results from Walt Disney.
U.S. stock futures declined early Wednesday after the previous session's rally as investors reacted to a cautious outlook from tech giant Cisco Systems.
Cisco Systems Inc. on Wednesday reported a drop in quarterly profit and sales from a year ago, but the network equipment maker said parts of its business are beginning to turn around.
It is the buzz of the tech world: Cisco Systems may soon try selling servers, those heavy-duty computers that companies use to run critical back-office applications. The prospect of router giant Cisco's entering the already crowded $55-billion-a-year server market is intriguing (imagine if LeBron James decided to try his hand at football) but also has the potential to disappoint. (Remember Michael Jordan's ill-fated effort to play professional baseball?)
The global economic downturn will continue to hammer computer networking giant Cisco Systems Inc., chief executive John Chambers said Wednesday.
Silicon Valley powerhouse Cisco became the latest tech company to jump on the green bandwagon this week, with the announcement Tuesday of its new EnergyWise technology. Simply put, EnergyWise is a free update to IOS, the operating system for the company's ubiquitous Catalyst switches, that enables customers to monitor and regulate energy consumption of any device connected to the network.
Manny Rivelo, a senior vice president at Cisco Systems, belongs to more internal company teams than he can count on both hands. "I'm on a litany of them - three councils, maybe six boards, and five working groups," he says.
The first time Simon Gongora saw a videoconference over the Internet, he was hooked. He was running a business that hired out medical translators to hospitals so that non-English-speaking patients could converse with doctors. With Internet video, he realized, his translators could work remotely with a far wider range of hospitals - giving him an edge over competitors.
Stocks jumped Wednesday, ending a choppy session in positive territory, as investors welcomed falling oil prices, Cisco Systems' improved earnings and talk of a big share buyback plan at Microsoft.
More and more data go speeding along the information superhighway every day. Only trouble is, the roads in the U.S. are too narrow, and they're getting clogged. Unless carrying capacity increases rapidly, Internet users will experience more and more traffic jams in the form of slower service.
U.S. stocks looked set for a weak open Wednesday after tech bellwether Cisco Systems issued a cautious outlook, although that report was at least partly balanced by good results from Walt Disney.
U.S. stock futures declined early Wednesday after the previous session's rally as investors reacted to a cautious outlook from tech giant Cisco Systems.
Cisco Systems, the largest maker of networking equipment, reported third-quarter sales and profits that edged past Wall Street's targets.
Cisco Systems, one of the country's biggest technology companies, appears to be bracing for a downturn.
Stock futures were little changed early Wednesday, as cautious investors held back ahead of a wave of economic reports.
Techs gave up gains and blue chips turned lower Thursday morning after a weak regional manufacturing report revived worries that the economy is headed for a recession, if not already in one.
Stocks were mixed Thursday morning, recovering from an early selloff, as investors mulled Cisco's weaker sales outlook and a string of weak January sales reports after several down days.
U.S. stocks opened lower Thursday as weak retail sales and a dismal outlook from Cisco Systems weighed on investors.
Cisco Systems posted fiscal second-quarter sales and earnings Wednesday that met Wall Street's estimates. But the leading network equipment maker warned revenue would only grow about 10% in its next quarter, below expectations of 15%.
Cisco Systems' chairman and CEO John Chambers is Alan Greenspan with a sweet, honey-dripped drawl.
Stocks moved cautiously higher Friday as investors weighed news of a Cisco stock buyback and an earnings warning from package delivery firm FedEx.
U.S. stocks got a lift at Friday's open from some developments in the tech sector, particularly an investment in Advanced Micro Devices and a Cisco Systems buyback plan.
U.S. stocks were mixed at Thursday's open, with blue chips gaining from Ford's better-than-expected results and Nasdaq hurt by Cisco's outlook.
Computer networking company Cisco Systems Inc., citing strong sales of its routers, set-top boxes and other products, reported higher-than-expected earnings on Wednesday.
Sipping Diet Coke in a suite at New York's Mandarin Oriental hotel after a day that began with a joint interview with Microsoft CEO Steve Ballmer conducted by PBS's Charlie Rose, followed by a quick march through a luncheon speech, some one-on-ones with the trade press, and a dozen customer meetings, John Chambers doesn't look or act the way you or I would - exhausted.
Cisco Systems Inc. is still on track to meet its financial targets for the coming years as demand for bandwidth continues to drive network equipment sales, the company's chief financial officer said.
Subsiding credit market concerns and upbeat earnings from tech bellwether Cisco sent stocks higher Wednesday.
Stocks continued to move higher Wednesday helped by stellar Cisco earnings while investors found comfort in yesterday's Federal Reserve statement.
Tech stocks surged at Wednesday's open, leading the overall market higher, after Cisco Systems' earnings topped forecasts.
Computer networking company Cisco Systems reported higher-than-expected earnings on a boost in quarterly sales, the company announced Tuesday.
Stocks rose and bond prices fell Wednesday afternoon after the Federal Reserve held a key short-term interest rate steady, as expected, and again said that inflation was its main worry going forward.
The Dow industrials rose Wednesday afternoon, touching a new intraday high, while the broader market was mixed as investors mulled Cisco's earnings and falling oil prices ahead of the conclusion of the latest Fed policy meeting.
Stocks were mixed early Wednesday afternoon ahead of the conclusion of the latest Fed policy meeting as investors weighed Cisco's earnings and forecast, falling oil prices and the latest merger news.
Stocks were mixed Wednesday morning as investors considered Cisco's in-line forecast and lower oil prices ahead of the conclusion of the Federal Reserve policy meeting.
The Nasdaq slumped and the broader market was mixed Wednesday morning as investors eyed earnings from Cisco and Walt Disney and geared up for the conclusion of the Federal Reserve policy meeting.
The stock rally which has produced a string of Dow records and sent the S&P to six-year highs could run into problems early Tuesday, as futures pointed to a lower open.
Big technology stocks have surged since August, outpacing the S&P 500 by an impressive margin. That may have you wondering whether the sector has gotten way ahead of itself and is due for a pullbac...
The configuration of an office can have a dramatic impact on how employees do their jobs. No secret there.
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a six-year high. However, the Dow gave up attempts at another record-breaking close after an early advance petered out.
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a six-year high. However, the Dow gave up attempts at another record-breaking close after an early advance petered out.
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a 6-year high. However, the Dow gave up attempts at another record breaking close after an early advance petered out.
Cisco's strong earnings gave a lift to the Nasdaq composite Wednesday, but the Dow gave up attempts at another record breaking close after hitting an all-time record earlier in the session.
Stocks rose Wednesday afternoon as Cisco's strong earnings report and falling oil prices boosted the Dow to a fresh all-time trading high and propelled the S&P 500 within reach of a 6-1/2 year peak.
Stocks rose Wednesday on Cisco's strong earnings report, with the Dow Jones industrial average hitting a fresh trading high and the S&P 500 index flirting with 6-1/2 year highs.
Cisco's strong earnings report propelled the Nasdaq composite Wednesday morning and gave a nudge to the otherwise more subdued blue-chip averages.
Cisco Systems' results and forecast sparked a solid tech stock advance at the start of Wednesday's U.S. trading.
Cisco's strong earnings report lifted the tech sector Wednesday morning, but the rest of the market was more subdued as investors eyed oil prices inching closer to $60 a barrel.
Major gauges pointed to a higher open Wednesday, helped by a bigger-than-expected productivity and moderate labor cost readings, and solid results from tech leader Cisco Systems.
Cisco Systems' solid results and guidance could push tech stocks higher at Wednesday's U.S. stock market open.
Stocks ended little changed, after a choppy session in which investors struggled to find a new catalyst after last week's big run up.
Cisco Systems, the leading maker of gear that connects computers to the Internet, reported earnings and sales that beat analysts' estimates and issued bullish guidance for its current quarter, giving hope to investors that corporate tech spending will show strength in 2007.
Cisco Systems (CSCO) ranks no. 11 on FORTUNE's 2007 Best Companies to Work For list this year. The San Jose-based company was ranked 25 on the 2006 list.
Cisco Systems is suing Apple Inc. in federal court for trademark infringement over the naming of Apple's new 'iPhone' iPod-phone, Cisco announced in a press release Wednesday.
All indexes posted gains in November, with energy producers benefiting from a two-month peak in the price of oil. Widely held ExxonMobil led the way with an 8% gain, and the S&P's energy sector soa...
Building the 21st Century Workspace
A three-session advance hit a roadblock Thursday, with investors bailing out of drug, telecom and financial stocks following confirmation that the Democratic Party will control all of Congress for the first time since 1994.
A three-session advance hit a roadblock Thursday, with investors bailing out of drug, telecom and financial stocks, following confirmation that the Democratic Party will control all of Congress for the first time since 1994.
Stocks slumped Thursday afternoon, giving up morning gains, as investors bailed out of drug, telecom and financial stocks one session after the Dow hit a record high and the Democratic Party took full control of Congress for the first time since 1994.
Stocks were mixed Thursday afternoon, with techs higher on Cisco's earnings and blue chips lower amid rising oil prices and some concerns about what a Democratic Party-controlled Congress will mean for select sectors.
Cisco's strong results gave tech stocks a boost but the broader market struggled Thursday afternoon as oil prices jumped and investors further digested the results of the congressional elections.
Cisco's strong earnings and forecast lifted the tech sector Thursday morning, but the broader market struggled amid higher oil prices and concerns over what a Democratic Party-controlled Congress will mean for certain sectors.
Cisco's strong earnings and forecast lifted the tech sector Thursday morning, but the broader market was mixed as investors considered higher oil prices and a run up in Treasury bond yields.
Stocks look to get a lift from strong results and outlook from tech bellwether Cisco Systems, as investors look past this week's election ahead to a new batch of earnings.
Cisco Systems reported another quarter of strong results Wednesday and issued a bullish sales outlook for the current period.
Cisco's stock is trading at a 52-week high, but now the question is how much higher can it climb?
You can offer all the benefits in the world, but the one that matters most to employees is a piece of the action.
You can offer all the benefits in the world, but the one that matters most to employees is a piece of the action.
Cisco Systems ranks no. 241 on FORTUNE's Global 500 this year, with $24.8 billion in revenues, up 12.5% from the previous year. The San Jose, California-based company was ranked no. 254 on the 2005 list. Its 2005 profits were $5.7 billion, up 30.4% from a year earlier.
Cisco Systems, the biggest manufacturer of Internet gear, expects to remain active with its share buybacks, the company said Wednesday.
Blue-chip stocks slumped Wednesday as worries about slower economic growth and its effect on profits overshadowed upbeat earnings from tech leader Cisco Systems.
Tech shares surged Wednesday morning after a bullish forecast from Cisco Systems lifted sentiment across the board.
Cisco Systems' bullish forecast could set a positive tone for U.S. stocks when markets open Wednesday.
Cisco Systems Inc. reported upbeat results for the latest quarter Tuesday and issued a full-year sales forecast that exceeded Wall Street's estimates - news that sparked a huge rally in its stock.
Cisco Systems posted solid numbers for the latest quarter Tuesday but some investors were disappointed in the company's sales forecast, sending the stock lower in after-hours trading.
A rebound in corporate spending and a big acquisition should translate into a strong third quarter for Cisco, analysts and investors say.
Back when the Internet bubble was deflating disastrously, the fashionable view was that we'd never see its like again -- and thank goodness.
NEW YORK (FORTUNE Magazine) - Can Cisco Systems, a technology giant best known for making the routers and switches that drive traffic around the Internet, capture the hearts, minds and remote controls of television viewers?
Like fans of "The Sopranos," Cisco investors have waited a long time for their faith to be rewarded.
At the San Francisco offices of Panorama Capital, two dozen engineers, venture capitalists, and academics gathered around a nondescript piece of hardware they all helped build. Then Allan Leinwand,...
Losers outnumbered winners in late December and early January. As the year turned, 37 of the 70 stocks posted a decline and only 32 rose (IBM was unchanged). Six stocks--Aetna, CVS, DuPont, Genente...
Stocks sizzled Wednesday, as Cisco's upbeat earnings and news helped spark a broad-based rally, one session after a big selloff.
Stocks jumped Wednesday morning, led by technology issues, as a strong earnings report and forecast from Cisco Systems soothed investors after the previous session's big selloff.
A bullish sales outlook from bellwether Cisco Systems may help chase away tech earnings fears Wednesday.
For too long now, Cisco Systems has been the big engine that can't. Its legions of fans, including the sad sacks who've held onto Cisco's stock for longer than they'd care to admit, are hoping an upbeat earnings report Tuesday evening will signal that the once-mighty locomotive is back on track.
The stock market closed out 2005 on a down note, as share prices eroded in December. For the year, the Dow was down a fraction of a percentage point, while the S&P 500 was up 3 percent. Basically, the 2005 market was about as flat as you can get.
the time to ignore stocks. The Dow Jones industrial average may not be very active, but beneath the surface of today's market, there's actually quite a lot going on. ...
Microsoft's forays into TV land just got more complicated. Cisco Systems' recent deal to buy cable television set-top box maker Scientific-Atlanta for $5.3 billion may disrupt the software giant's partnerships with television providers and spark another round of fisticuffs between Microsoft and Google.
After the tech bubble burst, investors started saying that long-term growth is what really counts, not quarterly fireworks.
Computer and telecommunications network equipment maker Cisco Systems Inc. beat estimates by a penny excluding stock options Wednesday but shares fell after the company issued a revenue forecast that was below analyst expectations for the current quarter.
The market giveth, and the market taketh away.
When times are uncertain, you feel more secure if you have money in the bank and lots more rolling in. But you also know that you won't get rich by letting cash sit in bank CDs. To make your saving...
After watching the stock market go mostly sideways for more than a year, you may be wishing that you could just doze off and have someone wake you when things get interesting again. But now is not ...
In October 1991, when FORTUNE's Fastest-Growing Companies list first appeared, the Gulf war had come and gone, and the economy was just waking up from a recession. No one knew it, but the longest p...
After watching the stock market go mostly sideways for more than a year, you may be wishing that you could just doze off and have someone wake you when things get interesting again.
Cisco's disappointing earnings forecast and a fresh record high for crude oil were among the factors hurting stocks Wednesday, after two upbeat sessions.
Who needs Nokia?
Stocks gained Monday morning as an unconfirmed report that Cisco Systems may be interested in buying Nokia helped temper worries about record high oil prices and Tuesday's Federal Reserve meeting.
Tech stocks appeared ready to lead U.S. stocks higher at Monday's open as such developments as a report of Cisco Systems' possible interest in cell phone maker Nokia greeted investors.
NEW YORK (CNN/Money) - Cisco Systems is looking a lot more like Microsoft these days ... and that's not a compliment.
Corporate earnings growth is slowing down. Inflation is picking up. Rising interest rates threaten the housing market. Expensive gasoline is eating away at consumer spending. It's no wonder that da...
Cisco Systems is seeking regulatory approval for a financial instrument that could allow the company to assign a lower value to the stock options than under current valuation models, according to media reports Thursday.
Stocks struggled early Wednesday as investors welcomed a surprise narrowing of the trade gap and Cisco's solid earnings, but remained wary after Tuesday's big slump.
| Most Viewed | Most Emailed | Top Searches |
Video
