Cisco Makes Strategic Investment in China Communications Services
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Cisco (NASDAQ:CSCO) today announced that it has made a strategic  investment of US$50 million in China Communications Services Corporation  Limited (CCS). Cisco is the largest foreign strategic investor in CCS.
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Cisco Systems plans to set up a research and development center in Tokyo, focusing on Internet software and routing technologies, a move that follows a growing number of major companies seeking R&amp;D abroad.
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(InfoWorld) - Cisco Systems Inc. Chief Executive Officer John Chambers Wednesday stoked the networking vendor's love affair with IT investors by pointing to the company's unified communications strategy and broad product portfolio as a way to sustain growth over the long term. At the company'sÂ annual financial analyst conference in New York, executives said Cisco will sustain double-digit growth through the rest of the decade by incorporating data, voice, video and mobile capabilities -- what it calls its "quad play" -- across product lines, while addressing the service provider, enterprise, commercial and consumer markets. "Now if youâre the innovator and the leader it protects you from the startups and the advanced players," Chambers said. Cisco expects to sustain a 10 percent to 15 percent compound annual revenue growth rate through the rest of the decade. The company will be able to take advantage of the breakdown of barriers among vertical-market product lines, as consumers and professionals increasingly expect to get both corporate data and home and family information anytime, anywhere, Chambers said. "The network becomes the platform," noted Chambers, in a frequently repeated phrase during the event. At the corporate level, product integration is fueled by a trend in businesses to move from a "command control" style of management to a more collaborative model, he said. "If you asked me a few years ago I would have said collaboration could account for maybe 10 percent to 20 percent productivity efficiency but now I would say that's closer to 30 percent to 40 percent," he said. The company is banking on business uptake of video collaboration tools to boost network traffic and the need for new infrastructure. The quad play equipment and services Cisco offers will be taken up broadly, by smaller commercial companies as well as Fortune 500 businesses, Chambers said. As an example, he pointed out that a 12-store Subway food chain in Texas has already implemented a quad-play Cisco-based system, which uses video to reduce theft. Cisco can also help companies innovate and transition to new technologies, noted Charlie Giancarlo, Cisco's chief development officer. Giancarlo said Cisco "reinvented the TDM PBX [time division multiplex public branch exchange] industry ... bringing it into the unified communications era" through VOIP (voice over Internet Protocol) gateways and other products and services. The big question for attendees was whether Cisco can sustain growth and product leadership. The company has had 21 straight quarters where it met or exceeded Thomson Financial analyst consensus expectations, noted Chief Financial Officer Dennis Powell. The company's share price has benefited, surging by about 25 percent over the last year, compared to about 5 percent growth for the Nasdaq exchange. Powell forecast 19 percent to 21 percent growth for the quarter ending this October (including revenue from recent acquisitions), about even with Thomson Financial expectations for the first fiscal quarter, of 20.4 percent revenue growth. Conference attendees noted that so far the company has been able to deliver on its promise to expand into new markets from its traditional corporate switching and router base. One institutional investor who declined to be named noted the company has placed its Carrier Routing System-1 carrier-class product into some 60 companies. While attendees said they would like more specifics about upcoming products, several agreed that certain specifics about the business appear to position the company for further growth. For example, Powell indicated that the company would offer a dividend to investors, one sign that the company is confident of its growth predictions, noted Mark Sue, an analyst with brokerage RBC Capital Markets. "Of course we'd like to know when, but that is a positive sign," Sue said.
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China Mobile, the country's top wireless operator, said Tuesday it planned to take advantage of the global stock market downturn to acquire overseas telecom firms that have now become cheaper.
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Cisco Systems(R) (NASDAQ:CSCO) today announced that Hearst Corporation, one of the world's largest diversified communications companies, has selected the Cisco(R) Unified Wireless Network in conjunction with the MobileAccess Universal Wireless Network infrastructure at Hearst Tower in New York.
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Cisco Systems, the world&#39;s largest maker of equipment for directing Internet traffic says China is well on the way to becoming the world&#39;s technology hub.
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Cisco Systems Inc. CSCO.O Chief  Executive John Chambers said China was well on the way to  becoming the world's technology hub as he revealed plans for  his company's first research center in the country.
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Cisco Systems Inc. CSCO.O, the  largest maker of gear to direct Internet traffic, said on  Sunday Japanese computer and electronics provider Fujitsu Ltd.  6702.T will sell Cisco's high-end routers and switches in  Japan.
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Cisco&#39;s Tokyo R&amp;D center, which is scheduled to open in February, will represent an initial investment of $12 million over the next five years.
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[Johannesburg, 15 December 2004] - Fujitsu and Cisco Systems have reached a fundamental agreement to enter into a strategic alliance focusing on routers and switches that will enable service providers and enterprises to build advanced Internet Protocol (IP
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Network equipment maker Cisco Systems  Inc  on Monday launched a new switching product aimed  at large data centers, and forecast strong sales despite  worries of a slowdown in U.S. technology spending.
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Cisco Systems has entered into a partnership with Haier, the largest manufacturer of large home appliances in China, that will allow the companies to work together on a number of projects, including information infrastructure and home networking systems.
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SAN JOSE, Calif. -- Cisco Systems, Inc. (Nasdaq:CSCO - News), today announced that several global carriers and research networks are now deploying and trialing the Cisco CRS-1 Carrier Routing System as a key
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TOKYO: Fujitsu Ltd and Cisco Systems Inc have agreed to form a strategic alliance, focusing on routers and switches that will enable businesses to build advanced Internet Protocol (IP) networks.
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By Tony Glover, The Business, London  Dec. 14--American networking giant Cisco Systems is building a research  and development centre and a factory in India to manufacturer internet phones.   The company has allocated $1.1bn (Â£561m, E825m) to Chennai and Bangalore.
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Networking giant Cisco Systems Inc. have announced plans to open a new research and development center in Tokyo next year. The company will invest a cool $12 million in the project over five years.
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TOKYO  - Japan&#39;s Fujitsu and Cisco Systems of the US said they have agreed to form a strategic alliance focusing on routers and switches that will enable businesses to build advanced Internet Protocol (IP) networks.