CISCO SYSTEMS

Major U.S. technology companies, which derive the majority of their revenue from abroad, with between 25 percent and 33 percent overall from Europe, have warned about potential fallout from the Eurozone crisis since last July.

Network equipment maker Cisco Systems has decided to pull the plug on umi, a home video conferencing system it once touted as a quality alternative to popular video chat service Skype -- as it continues with its restructuring plans.

Investment bank JPMorgan upgraded its recommendation for Cisco Systems to overweight and raised its price target for the network equipment maker on expectations of a rebound in public sector spending and improved margins in 2012.

The top pre-market NASDAQ Stock Market gainers are: Fushi Copperweld, Yahoo, ARM Holdings, Research In Motion, Baidu, Apple, and Cisco Systems. The top pre-market NASDAQ Stock Market losers are: Amazon.com, Makita, OmniVision Technologies, Teva Pharmaceutical Industries, and LM Ericsson Telephone.

Huawei Technologies Co Ltd, a $30 billion Chinese telecoms gear maker, has initiated a system this year to allow top executives to take turns acting as chief executive, its founder and CEO Ren Zhengfei said in a year-end message

The top pre-market NASDAQ Stock Market gainers are: Pinnacle Financial Partners, ARM Holdings, Randgold Resources, Infosys, Research In Motion, Amazon.com, Google, and Apple. The top pre-market NASDAQ Stock Market losers are: Cavium, Sears Holdings, Windstream, and Cisco Systems.

Investors in Oracle, the No. 1 enterprise software vendor, had their worst day in three years as shares closed down nearly 12 percent, chopping $17 billion from the company’s market value.

Technology shares slumped on Wednesday and pushed the Nasdaq down 1 percent after Oracle reported results that cast doubts on the sector's health, even as broader markets closed mostly flat in a thinly traded day.

The collapse of AT&T's deal to buy Deutsche Telekom's U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.

Oracle, the biggest enterprise software developer, is scheduled to report second-quarter results late Tuesday. Here are some expert tips on what to watch in the announcement.

Here are some items to watch when Oracle reports: earnings, Europe outlook, cash, deferred revenue, third-quarter earnings forecast

The New York-based telecommunications company must pay up to $11 million a month in royalties to ActiveVideo for providing video-on-demand service found to violate patents, U.S. District Court Judge Raymond Jackson ruled last month in Norfolk, Va.

The top pre-market NASDAQ stock market gainers are: Endo Pharmaceuticals, Biosante Pharmaceuticals, Ariad Phamaceuticals. The top pre-market NASDAQ stock market losers are: Onyx Pharmaceuticals, Diamond Foods, Nuance Communications, ASML Holding, Cisco Systems.

Oppenheimer has issued its top picks in the technology sector for the month of December which include IAC/InterActive, Cisco, Nuance Communications, Teradata, Ceva, Broadcom and SanDisk.

Cisco Systems, the No. 1 provider of networking gear, launched what it dubs the “CloudVerse” as a strategy to win new business with the mushrooming of data transmissions over landline and wireless networks.

Cisco Systems Inc is stepping up its push to sell its Cius tablet computers to corporate customers, defying skeptics who say the product is short of the sex appeal and brand recognition it would need to win over the workforce.

Still another private equity bidder may be eyeing a bid for Yahoo: Boston-based giant Thomas H. Lee Partners

Network equipment maker Cisco Systems Inc said global cloud data traffic will grow at a compound annual rate of 66 percent between 2010 and 2015, as consumers and businesses seek untethered access to content and applications.

General Electric Co plans to hire about 400 people to work in a new software development center it intends to open in San Ramon, California, next year, the largest U.S. conglomerate said on Thursday.

Shares of Dell feel 2 percent despite the company's report of higher-tha-expected results.

Shares of Cisco Systems, the world’s biggest supplier of Internet equipment, kept up their two-day upward spree after the company reported first-quarter results that slightly beat expectations.