CISCO SYSTEMS

Cisco slashes sales outlook, enters new era

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Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era of scorching growth after cutting thousands of jobs in a sweeping four-month reorganization.
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Cisco buys Versly to boost collaboration tech

Cisco Systems Inc said on Monday that it has bought privately-held firm Versly to expand in collaboration technology aimed at corporate clients looking to make employees work together more easily.
Cisco Cius

HP Exits Tablets, Smartphones; Is Cisco Next?

Though Cisco's Cius tablet, created for the enterprise combining voice, video, collaboration and virtualization capabilities in a single portable device, may finally end up as a doctor's device than supporting any generic usage.

American Families Rapidly Going Wireless: Study

A new consumer study survey of the U.S. families reveals that American families have started using the home wireless bandwagon extensively, and there does not seem to be any turning back.
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Gold, Silver Rise as Investors Seek Safety

Gold and silver prices rose dramatically early Friday as investors fled crumbling Asian and European stock markets, but later in the session some of those early gains disappeared as investors began buying heavily discounted tech stocks.

Stocks Rise as Tech Leads Market Higher

Investors started buying beaten-down stocks Friday, especially in the tech sector, to lift the Nasdaq composite index into positive territory and shortly thereafter boosting other major indexes.
A pedestrian walks past the Cisco logo at the technology company's campus in San Jose

Cisco bulls may underestimate tough road ahead

Cisco Systems Inc (CSCO.O) still faces tough challenges with tight public spending and fears of a new economic downturn, analysts warned, after the giant Silicon Valley company ended a year's worth of disappointing sales forecasts.
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Cisco beats estimates, stock jumps

Cisco Systems Chief Executive John Chambers gave Wall Street a set of quarterly results investors could cheer about for the first time in over a year.
The Dow Jones industrial average gained 429.92 points, or 3.98 percent, to end at 11,239.77

Dow Soars 423 Points, Investors Encouraged by Upbeat Reports

The Dow Jones industrial average rebounded on Thursday soaring 423.37 points, or 3.95 percent, to 11143.31, after a disappointing 520-point loss on Wednesday, the ninth-largest point drop ever, because of growing fears about the health of Europe's banks and the probabilities of a global economic recession. Meanwhile, the Nasdaq gained 111.63 points, or 4.69 per cent, to 2,492.68.
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Wall Street surges in another volatile session

Stocks advanced more than 2 percent on Thursday in another volatile session as upbeat results from Cisco and a better-than-expected labor market report offset renewed concerns about the euro zone banking system.
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Cisco jumps as revenue outlook calms investors

Shares of Cisco Systems Inc surged 17 percent on Thursday, a day after it forecast a modest increase in current-quarter revenue, following months of uncertainty surrounding its business.

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