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Yesterday, Cisco Systems Inc. (CSCO) was given European approval to move ahead with the acquisition of TANDBERG. The antitrust division of the DOJ (Department of Justice) also announced they will not challenge the acquisition of the video conferencing company. Although the transaction remains subject to ongoing regulatory review in Brazil, the companies anticipate completion of the deal in the coming weeks. (more…)
Cisco announced today that it has expanded the ASR Series platforms. The ASR 5000 gives Cisco a comprehensive end-to-end Internet Protocol Next-Generation Network (IP NGN) architecture. It also offers mobile operators a platform specifically designed to accommodate the rapid growth of mobile Internet traffic and mobile multimedia applications. With this newly designed networking device, consumers will enjoy faster mobile Internet speeds and more seamless mobile multimedia experiences. (more…)
Yesterday, Cisco Systems Inc. (CSCO) reported great second quarter earnings. Net sales for the quarter were up $9.8 billion or 8% from the same quarter last year. Their net income was $1.9 billion which led to earnings per share to be $0.32. According to Cisco, the extraordinary quarter was a “clear indication that we are entering the second phase of the economic recovery.” The stock closed at (more…)
Earlier today, Cisco Capital SM announced that it will offer 3-year, 0% financing for most small and medium-sized businesses in the U.S. According to their website, Cisco Capital is a wholly owned subsidiary of Cisco Systems Inc. (CSCO) specializing in providing innovative financing solutions for Cisco solutions worldwide. The reason for this deal is to help Cisco channel partners navigate the challenging economic environment and accelerate their business with the company. The range of financing will cover all the company’s products and services from $1,000 up to $250,000. (more…)
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