Aug 14- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015. Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.
Aug 13- Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. Shares in the company slipped 2.7 percent to $24.90 in extended trading, from a $25.20 close on the Nasdaq.
U.S. equipment and software providers such as IBM Corp and Cisco Systems Inc have already seen their China sales drop after last year's revelations by former National Security Agency contractor Edward Snowden of U.S. spying. IBM's China sales have fallen by a fifth or more for three straight quarters, the firm reported in April.
U.S. equipment and software providers such as IBM Corp and Cisco Systems Inc have already seen their China sales drop after last year's revelations by former National Security Agency contractor Edward Snowden of U.S. government spying. IBM's China sales have fallen by a fifth or more for three straight quarters, the Armonk, NY- based firm reported in April.
NEW YORK, May 18- Cisco Systems Inc's chief executive officer has written a letter to President Barack Obama urging him to curtail government surveillance after evidence circulated showing the National Security Agency had intercepted Cisco equipment, a company spokesman said on Sunday.
May 15- Cisco Systems Inc's shares rose as much as 8 percent after the network equipment maker posted strong quarterly results and signaled recovering demand in the United States and Northern Europe. Cisco's shares rose to an eight-month high of $24.69 in early trade on Thursday.
NEW YORK, May 14- Network equipment maker Cisco Systems Inc posted a shallower-than-expected 5.5 percent drop in quarterly revenue, as recovering demand in regions like the United States and Northern Europe helped offset sluggish sales in emerging markets.
U.S. technology companies may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal takes a toll.
Cisco CEO John Chambers sees a lot of positives following Cisco's Q1 earnings, but sees challenges in the emerging markets. Chambers says Cisco is very well positioned in the cloud space and is the only server vendor that has a "really good" gross margin.
With appearances by the likes of Sheryl Sandberg, Bono and Bill Gates, the Clinton Global Initiative hopes to leave a lasting impression on the world.
Cisco holds nearly $50 billion in profits offshore, but CEO John Chambers said the company is unlikely to repatriate the money to the U.S.
John Chambers, Cisco Systems chairman & CEO, discusses his company's strategy to deliver better-than-expected third quarter results.
CNBC's Jon Fortt has details on Cisco earnings. Mark Sue, RBC Capital Markets, and Erik Suppiger, JMP Securities, discuss.
Brian White, Topeka Capital Management, offers his view on Cisco earnings.
Cisco said it was now releasing parts of an expert's report in a blog by Mark Chandler, general counsel at Cisco, "so the world could learn what really happened." In the segments released it said that "the exactness of the comments and spacing not only indicate that Huawei has access to the Cisco code but that the Cisco code was electronically copied and inserted into."
U.S. stocks were poised to rise at the open, with the S&P 500 set to hit its highest since 2007, as a surprise drop in the jobless rate gives legs to this week's rally. S&P 500 futures rose 6.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
**ZYNGA INC, Thursday close $2.81, down 22.4 pct premarket. Brokerages lowered their price targets on Zynga's stock by up to $3 per share after the social-games maker slashed its 2012 outlook for the second time due to a decline in paying customers. Facebook, which derives over a tenth of its revenue from fees paid by Zynga, was also set to open lower as was Groupon.
U.S. stock index futures pointed to a mixed open on Wall Street, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent. **ZYNGA INC, Thursday close $2.81, down 19.2 pct premarket.
Oct 4- Networking equipment company Cisco Systems. Cisco said on Thursday that Chief Operating Officer Gary Moore, 63, will also assume the role of president overseeing end-to-end operations and aligning all businesses with Cisco's long-term strategy.