Cisco Systems Inc
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Take a look at some of Friday's midday movers:
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Stocks closed higher amid continued volatility, reflecting guarded investor optimism ahead of next week's Fed meeting. "The mood of the market is as variable as the weather here in Manhattan, it's hot one day and cold the next. It's likely to remain that way at least through the end of the quarter," said Charles Crane, managing member with Scotsman Capital Management.
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The deal, worth $3.2 billion including WebEx's existing cash, would be Cisco's biggest acquisition since the network equipment maker bought cable set-top box maker Scientific-Atlanta for $7 billion last year.
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Normally, Home Gamers expect to hear buy calls from Cramer, but today he picked out a couple of offerings that investors should ignore -- unless, of course, the price is right.
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Microsoft sees the shift by business organisations to Web-based phone systems running on its software to generate "billions" of dollars in revenue for the company, a top executive said on Tuesday.
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Ted from Connecticut asked: “With the China markets and other emerging markets cooling off, both PetroChina and Petroleo Brasiliero - China and Brazil's largest oil companies are off their 52 week highs. Do they look like a good buy or will they go even lower?”
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Today Cramer gives advice on Amgen, Cisco and more. He's also banning two stocks from the Lightning Round!
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I had the unusual opportunity to emcee Silicon Valley's first Technology Policy Summit last week in San Jose, an awesome collection of policymakers, investors, CEOs, nonprofit reps and academics. But one of the most fascinating panels included the co-founders of three of the web's most exciting start-ups. And I had the chance to interview them exclusively about the potential of their sites, and the prospects for a bigtime payday.
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Normally, the odds are not in your favor when it comes to buying up an IPO. Banks always want to push the price point a buck or two higher. But with the markets in a frenzy, they're changing their tactics to make sure you, the faithful investor, stick around.
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Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran. Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke, told CNBC.com.
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Early buying interest is putting a firm foundation under stocks so far this morning. European stocks are moving up on earnings news, and Japan ended higher, comforted by comments that the Bank of Japan will move slowly with any further rate increases.
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Cisco Systems said late Thursday that it has given Apple nearly another week to respond to its trademark infringement lawsuit that threatens to halt Apple from using the "iPhone" name on its much-hyped new iPod-cellular phone device.
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Cisco Systems, whose core business is selling the routers and switches that direct data traffic over computer networks, said it has acquired a small social networking company that allows businesses to create MySpace-like communities on their Web sites.
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Cisco Systems said Mike Volpi, viewed by many as one of the top candidates for the future leadership of the network equipment maker, has resigned, effective immediately.
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Stocks were helped by a rally in tech shares, but a sharp drop in crude-oil prices hit energy shares and rattled investors. The Dow Jones Industrial Average closed flat.
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As Cisco Systems rides the wave of surging demand for increased bandwidth as consumers digest more and more video online, some are wondering if the networking giant will tug the rest of the tech industry in the same direction. But as interviews with analysts this morning on CNBC showed, the so-called “Cisco Effect” is up for debate.
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Cisco Systems' second-quarter profit surged nearly 40% as the world's largest maker of networking gear benefited from equipment upgrades to support bandwidth-hogging video downloads.
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The computer networking company reported fiscal second-quarter earnings of 33 cents a share, excluding one-time charges, beating analysts' forecasts.
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Stocks are aiming at higher ground this morning though in the last two days trading has lacked inertia. Cisco will be a standout and investors will look ahead to some big names reporting earnings, including Disney after the bell. European markets are mostly higher, while Tokyo shares retreated overnight to the lowest close since mid January.
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Stocks inched their way to a positive close after a sharp reversal in oil eased selling pressure and a late buying spree broke out in internet stocks.
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The computer networking company reported fiscal second-quarter earnings of 33 cents a share, excluding one-time charges, beating analysts' forecasts.