Vowing to “forever change the Internet,” Cisco today announced a new ultra-heavy-duty router that offers network speeds 12 times faster than its nearest competitor. CEO John Chambers says it’s aimed at the exploding market for online video. Continue reading Cisco Unveils Its New Superfast Network Router Cisco Unveils Its New Superfast Network Router originally appeared on DailyFinance on Tue, 09 Mar 2010 12:05:00. Filed Under: Company News , Technology , AT&T , Cisco Systems Inc. Permalink | Tweet this! | Comments

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Cisco Unveils Its New Superfast Network Router

Investors buoyed shares of Cisco in anticipation of what the company says will be an Internet-changing announcement Tuesday morning. Continue reading Cisco Eyes Ultra High-Speed Broadband Cisco Eyes Ultra High-Speed Broadband originally appeared on DailyFinance on Mon, 08 Mar 2010 17:30:00. Filed Under: Cisco Systems Inc. Permalink | Tweet this! | Comments

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Cisco Eyes Ultra High-Speed Broadband

Filed under: Company News , Technology , Hewlett-Packard , Cisco Systems Inc. Hewlett-Packard ( HPQ ) CEO Mark Hurd has won Wall Street accolades for turning around the once-moribund company in just a few short years. Hurd expertly cut back in slow-growing units while priming faster-growing businesses for higher performance. He pulled off a string of acquisitions aimed at broadening HP’s ability to deliver consulting services, and he plugged holes in its product lineup. Hurd also took HP’s sprawling bureaucracy and turned it into a transparent cash machine with a cutting-edge infrastructure that let him see day-to-day sales trends for every unit. In other words, Hurd made HP function a lot more like Cisco Systems ( CSCO ), the giant network equipment maker that has been a crucial HP partner for over a decade. Continue reading HP’s 3Com deal could prove to be CEO Mark Hurd’s ultimate test HP’s 3Com deal could prove to be CEO Mark Hurd’s ultimate test originally appeared on DailyFinance on Thu, 12 Nov 2009 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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HP’s 3Com deal could prove to be CEO Mark Hurd’s ultimate test

Filed under: Company News , Technology , Investing , Hewlett-Packard , IBM , Cisco Systems Inc. Computer giant Hewlett-Packard ( HPQ ) announced a $2.7 billion deal to buy 3Com ( COMS ), the huge networking company, late Wednesday. It’s HP’s fourth-largest acquisition ever and instantly makes the Silicon Valley pioneer the second-largest networking company in the world after Cisco Systems ( CSCO ). The deal, which represents a 44% premium on 3Com stock, sent 3Com shares soaring some 35% to $7.65, 25 cents short of HP’s offer, in after-hours trading. HP’s move is a bold attack on Cisco, the networking Goliath. “Companies are looking for ways to break free from the business limitations imposed by a networking paradigm that has been dominated by a single vendor,” Dave Donatelli, HP’s executive vice president and general manager for enterprise servers and networking, said in a statement. Continue reading Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco originally appeared on DailyFinance on Wed, 11 Nov 2009 17:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco

Filed under: Technology , Dell , Intel , Microsoft , Oracle , Cisco Corp The current M&A wave among tech giants like Dell ( DELL ), Cisco ( CSCO ) and Intel ( INTC ) reveals something new — and promising — about the tech landscape, and perhaps for the U.S. economy at large. The titans’ shopping spree shows that rather than just bottom-fishing, they’re jostling to get in on a new wave of growth stimulated by new products. And that could be a bullish sign for investors, who have been searching for new sources of spending to power an otherwise sagging economy. For instance, with Microsoft ( MSFT ) gearing up to launch its new Windows 7 line next week, the tech industry has been buzzing about whether the release will finally kick off a long-awaited product cycle in the sector. But while tech chiefs are always talking up the promise of innovation, they’re now starting to put their money where their mouths are. Continue reading Investors take note: Today’s tech M&A wave is all about growth Investors take note: Today’s tech M&A wave is all about growth originally appeared on DailyFinance on Fri, 16 Oct 2009 13:15:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Investors take note: Today’s tech M&A wave is all about growth