International Business News - CSCO http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Network equipment maker Cisco Systems Inc. on Wednesday said it intends to buy Pure Networks, which makes home networking-management software and tools, for $120 million. http://www.ibtimes.com/articles/20080723/cisco-to-buy-pure-networks-for-120-million.htm Wed, 23 Jul 2008 09:15:44 EDT Shares of Foundry Networks Inc. soared Tuesday after Brocade Communications Systems Inc. said it would buy the networking equipment maker for $3 billion, representing a 41 percent premium to Foundry's Monday closing stock price. http://www.ibtimes.com/articles/20080722/out-of-the-gate-foundry-networks-shares-soar.htm Tue, 22 Jul 2008 19:36:57 EDT Brocade Communications Systems Inc., dominant in an obscure corner of the data storage market, wants a piece of a bigger pie: Cisco Systems Inc.'s cash cow business of networking equipment that shuttles Internet traffic. http://www.ibtimes.com/articles/20080722/brocade-deals-for-foundry-networks-in-cisco-salvo.htm Tue, 22 Jul 2008 00:25:21 EDT Brocade Communications Systems Inc. is plunking down $3 billion for Foundry Networks Inc., melding two companies with presence deep in the data center and posing a direct challenge to industry behemoth Cisco Systems Inc. http://www.ibtimes.com/articles/20080721/brocade-to-acquire-foundry-networks-for-3b.htm Mon, 21 Jul 2008 21:10:36 EDT Cavium Network Inc.'s second-quarter profit met analyst expectations amid dramatically higher sales that helped the chip maker bounce back from a loss in the same period last year. http://www.ibtimes.com/articles/20080716/cavium-networks-swings-to-profit-in-2nd-quarter.htm Wed, 16 Jul 2008 19:21:06 EDT The weak economy is catching up to the telecom industry, analysts said Wednesday, slashing ratings on half a dozen equipment suppliers and an operator. http://www.ibtimes.com/articles/20080716/sector-snap-telecom-suppliers-downgraded.htm Wed, 16 Jul 2008 10:36:28 EDT Qualcomm Inc. shares should see strong gains in the near term, Goldman Sachs analysts said Friday, as the cell phone chip maker benefits from wider smartphone adoption, market expansion and restructuring among telecoms in China. http://www.ibtimes.com/articles/20080711/ahead-of-the-bell-goldman-names-qualcomm-top-pick.htm Fri, 11 Jul 2008 08:32:16 EDT Among the premarket stories for Thursday, July 10, from AP Financial News: NEW YORK (AP)--A Piper Jaffray analyst said Thursday that shares of stock exchange operators NYSE Euronext Inc. and Nasdaq OMX Group Inc. should recover after the broader market stabilizes. http://www.ibtimes.com/articles/20080710/premarket-roundup-stock-exchange-operators-cisco.htm Thu, 10 Jul 2008 09:33:26 EDT An analyst called a recent decline in shares of Cisco Systems Inc. "overdone," and expects fundamentals to improve later this year. Shares of Cisco declined Wednesday to finish 5.7 percent lower at $21.58, and set a 52-week low of $21.54 earlier in the session. An RBC Capital Markets analyst cut his price target following comments from the company's chief executive on technology spending. Shares of the company have declined 15.5 percent so far this year. http://www.ibtimes.com/articles/20080710/ahead-of-the-bell-analyst-cisco-sell-off-overdone.htm Thu, 10 Jul 2008 06:10:23 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080709/alcoa-sealy-cisco-mbia-among-big-movers.htm Wed, 09 Jul 2008 17:16:34 EDT An RBC Capital Markets analyst cut his price target on Cisco Systems Inc. in a client note Wednesday, saying the network equipment maker expects a recovery in technology spending later than first thought. http://www.ibtimes.com/articles/20080709/rbc-cuts-target-on-cisco-shares-decline.htm Wed, 09 Jul 2008 11:14:28 EDT Among the premarket stories for Wednesday, July 9, from AP Financial News: NEW YORK (AP)--An RBC Capital Markets analyst cut his price target on Cisco Systems Inc. in a client note Wednesday, saying the network equipment maker expects a recovery in technology spending later than first thought. http://www.ibtimes.com/articles/20080709/premarket-roundup-cisco-verisign.htm Wed, 09 Jul 2008 09:39:33 EDT Alcoa Inc. kicked off earnings season by posting a nearly 24 percent decline in quarterly profit, citing rising costs for raw materials--a refrain that may be heard frequently over the next several weeks as companies report second-quarter results. http://www.ibtimes.com/articles/20080709/premarket-movers-alcoa-up-after-beating-estimates.htm Wed, 09 Jul 2008 09:25:01 EDT An RBC Capital Markets analyst cut his price target on Cisco Systems Inc. in a client note Wednesday, saying the network equipment maker expects a recovery in technology spending later than first thought. http://www.ibtimes.com/articles/20080709/ahead-of-the-bell-rbc-cuts-target-on-cisco.htm Wed, 09 Jul 2008 09:10:12 EDT Wall Street tumbled Wednesday as investors grappled with renewed worries about the soundness of the financial sector. The major indexes fell more than 2 percent, including the Dow Jones industrial average, which lost more than 230 points. http://www.ibtimes.com/articles/20080709/us-stocks-look-to-open-lower-as-oil-prices-rebound.htm Wed, 09 Jul 2008 18:18:49 EDT Oracle Corp. finished its fiscal year with an impressive flourish, then pulled out a wet blanket. After announcing fourth-quarter results that exceeded analyst estimates, the business software maker dampened investor sentiment late Wednesday by raising the specter of a slowdown in the traditionally sluggish summer months. http://www.ibtimes.com/data/articleimgs/80011-earns-oracle.jpg http://www.ibtimes.com/articles/20080626/oracle-throws-wet-blanket-on-strong-4q-results.htm http://www.ibtimes.com/articles/20080626/oracle-throws-wet-blanket-on-strong-4q-results.htm Thu, 26 Jun 2008 17:11:31 EDT Oracle Corp. breezed past analysts' expectations in its fiscal fourth quarter, providing another sign of the technology industry's vitality despite the listless U.S. economy. http://www.ibtimes.com/data/articleimgs/79310-earns-oracle.jpg http://www.ibtimes.com/articles/20080625/oracle-4q-earnings-rise-27-percent-to-2-04b.htm http://www.ibtimes.com/articles/20080625/oracle-4q-earnings-rise-27-percent-to-2-04b.htm Wed, 25 Jun 2008 21:33:15 EDT On the eve of high-level economic talks between the United States and China, the Chinese government on Monday signed a number of business agreements with major U.S. companies underscoring China's rising economic clout. http://www.ibtimes.com/articles/20080616/chinese-government-signs-business-deals.htm Mon, 16 Jun 2008 18:50:21 EDT It's better to be on the red team than on the blue team in an online multiplayer shooting game, according to researchers. The scientists studied the outcomes of 1,347 matchups between elite teams playing "Unreal Tournament 2004," a so-called first-person shooter game. The main activity in the game is running around and shooting at the avatars of the opposing team. http://www.ibtimes.com/articles/20080611/techbits-red-players-glassdoor-com-big-rigs-airport-park.htm Wed, 11 Jun 2008 19:57:57 EDT Ever wonder whether you'd be better off working some place else? A new Web site called Glassdoor.com is trying to make it easier to find out by compiling free snapshots of the current salaries paid by hundreds of major employers, along with reviews anonymously written by current and past workers. http://www.ibtimes.com/articles/20080611/web-site-offers-insiders-look-at-major-employers.htm Wed, 11 Jun 2008 20:49:15 EDT