As CES wraps up Friday, the ending date of Jan. 9 has particular significance to techies. It's the eighth anniversary of Apple's iPhone launch.» Read More
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.
While the panel and the audience concurred that the pre-requisites to the role of the CEO was to drive growth and innovation, the CEO had a larger role to play.
Cisco's better-than-expected revenue growth was from more than "routing and switching," CEO John Chambers told CNBC — it was also data centers, cloud computing and $1 billion in cost-cutting measures.
The Fast Money traders weigh in on RIM's co-CEOs stepping down and discuss whether a change in leadership is enough to turn the struggling tech giant around? Also, why Ciscos's John Chambers should be the next CEO to go, with Eric Jackson, Ironfire Capital founder, who says Chambers has a "lack of focus."
Does Cisco have a winning turnaround plan? Nikos Theodosopoulous, UBS telecom analyst, weighs in on the tech giant's new strategy.
The latest on what Cisco CEO John Chambers has to say at the analyst day event, with CNBC's Jon Fortt, and a look at whether Apple will pay a dividend soon.
Brian Marshall, Gleacher & Co., discusses Cisco's 3% uptick in revenue growth.
The "Fast Money" traders debate whether Cisco is a buy, as CEO John Chambers seeks to preserve his legacy before he retires.
Goldman Sachs raised its 12-month price target on Cisco Systems by 34 percent to $21 Thursday, and upgraded the network company to "buy" from "neutral," based on its expectations of higher earnings in coming quarters.
After the technology company reported another "blown" quarter, Cramer isn't happy with CEO John Chambers.
CNBC's Jim Cramer weighs in on Cisco's CEO and it's restructuring plan.
Cisco Systems Chairman and CEO John Chambers told CNBC Thursday that he "underestimated" the slowdown in several of the computer networking company's businesses, which caused Cisco to lower its quarterly outlook.
A breakdown of the networking company's earnings and future outlook, with John Chambers, Cisco Systems chairman/CEO.