Cisco Chief Predicts Strong 3rd Quarter MOVERS MARKETPLACE By Bloomberg
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By Ari Levy  Cisco Systems shares rose Wednesday after its chief executive, John Chambers, forecast that fiscal third-quarter sales at the company, the world's biggest maker of computer-networking equipment, would beat analysts' estimates.
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Cisco Systems Inc. Chief Executive Officer John Chambers said sales growth will slow this quarter and it&#39;s ``too early to say&#39;&#39; whether customers are becoming more optimistic about the economy.
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Cisco Systems Inc.'s  strong  quarterly results and upbeat outlook pushed up tech shares on  Wednesday, cheering investors who had beaten down the sector  after weak results from other tech heavyweights.
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Cisco Systems has agreed to buy software developer P-Cube in a cash-and-options deal Cisco valued at $200m (Â£110m). P-Cube makes software to help service providers analyse and control network traffic.
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Shares on Wall Street are expected to open higher on Tuesday, as stronger oil prices are likely to underpin energy stocks and investors bet on strong earnings from network equipment maker Cisco Systems .
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SAN JOSE, Calif. -- Cisco Systems, Inc. (Nasdaq:CSCO - News) announced today the availability of a suite of new CiscoÂ® CatalystÂ® switching products and services specifically designed and priced for small and medium-sized businesses (SMBs).
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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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Networking giant Cisco Systems (Nasdaq: CSCO) is poised to purchase wireless technology firm Airespace in deal valued at US&#36;450 million, the two companies announced Wednesday.
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(InfoWorld) - When Cisco meets analysts Wednesday at an annual conference about its business outlook, the dominant networking player will bring a good financial record and an even more impressive forecast. Rapidly expanding beyond its traditional routing and switching businesses into voice, video, wireless, and other categories,Â the company now sees gold in collaboration using Web 2.0 technologies. Last month, when it reported results for its fourth quarter and 2007 fiscal year, Cisco upped its forecast for quarterly revenue growth, year over year, to between 12 percent and 17 percent on average. That prediction is likely to be a hot topic at the conference, taking place at Cisco's San Jose, California, headquarters. That's impressive for a company that's anything but a startup with a market capitalization of about $200 billion and annual revenue of nearly $35 billion. Even Microsoft's quarterly revenue hasn't consistently been growing that fast in recent years. The new forecast is a jump up from a previous standing estimate of 10 percent to 15 percent that was controversial when first made a few years ago. Analysts credit smart moves and generally good execution in entering new technology areas as well as strength in its core markets for the company's ongoing success. Real-time communications of all kinds, including voice, data, social networking, and a form of high-quality videoconferencing Cisco calls Telepresence, will drive continued growth, Chairman and CEO John Chambers said last month. The company has aggressively acquired to capture new markets,Â buying video infrastructure vendor Scientific-AtlantaÂ last year andÂ online collaboration service WebExÂ earlier this year, in addition to many smaller players. But its followup is just as important, according to Brian Riggs of Current Analysis, who specializes in communications. Cisco doggedly builds on the products it acquires and modifies its lineup to meet customer demands as it did with its Smart Business Communications System for small businesses earlier this year, Riggs said. Cisco also seems to have a smarter approach to developing markets than do other first-world tech companies, said Yankee Group analyst Zeus Kerravala. Starting at the top with heads of state and convincing governments of the value of Cisco's technology, the company sells into poorer countries without eroding its profit margin, he said. Threats still loom, however. Microsoft is getting ready to take on Cisco's unified communications architecture with Office Communications Server 2007 despite the two companies' pledge last month to work together. Hewlett-Packard's well-priced ProCurve products are gaining in enterprise LANs, F5 Networks could threaten Cisco in data centers, and there's a danger of Cisco's infrastructure gear becoming a commodity unless the company keeps innovating, Kerravala said. However, Chambers's rhetoric and Cisco's results also say something about the industry as a whole, he said. Sales of HP and Foundry Networks's enterprise products are also growing in a cycle that Kerravala attributes to upgrading networks that were built in advance of Y2K. "At first glance, you can say he's being overly optimistic, but on the other hand, he's rarely wrong," Kerravala said.
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Cisco Systems Inc. shares had their biggest decline in three months, dragging down other technology stocks, after Chief Executive John Chambers said sales growth will slow this quarter
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John Chambers, chief executive of Cisco Systems Inc  said on Monday the network equipment maker would not change its business plans even if the U.S. economy is hit by a recession, as it is focused on long-term strategy.
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Cisco Systems Inc. , the biggest maker of gear to direct traffic over the Internet, on Tuesday said it was on track to meet Wall Street's fiscal 2005 revenue growth estimates, but signaled that profit margins were under pressure.
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Investor's Business Daily - Networking giant Cisco Systems may be in short-term pain. But it's looking past that to long-term gain.
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CEO says firm saw no sales slowdown. Could results help calm waters after bad news from HP and Cisco?
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Cisco Systems posted solid financial results for its most recent quarter on Wednesday, but the networking giant lowered its financial forecast for the months ahead, citing a slowdown in U.S. and European markets.
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'Data Center 3.0' initiative gets rolling Cisco is selling a new obscenely large switch, tapped as the lynchpin of its "Data Center 3.0" virtualization initiative the company has been gabbing about for monthsâ¦
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The economic rebound might be sluggish, but technology investments matter more than ever. That's what three of the industry's biggest CEOs told 6,500 attendees last week at the Gartner Symposium and Information Technology Expo, one of the biggest annual gatherings of tech professionals. Cisco Systems CEO John Chambers, Intel CEO Craig Barrett and Sun Microsystems CEO Scott McNealy also met with USA TODAY reporter Michelle Kessler to sound off on new technologies, stock options and globalization. Here's what they had to say, edited for clarity and space.