NEW YORK, June 12- Cisco Systems Inc predicts that a new product it unveiled on Wednesday will increase its cumulative revenue from core routers, which direct Internet data traffic, by 25 percent- to $10 billion- within the next two years.
*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
U.S. stock index futures were flat Thursday as investors digested a handful of weaker-than-expected economic data against upbeat earnings report from Cisco.
NEW YORK, May 15- Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending.
April 18- Microsoft Corp Chief Financial Officer Peter Klein will leave at the end of the current fiscal year, the company said on Thursday, adding to a lengthy list of top executives who have left the company in recent years. The software guru tapped by Bill Gates to take over his role as Microsoft's big-picture thinker left to start his own project in 2010..
*Tech shares among the day's leaders, JDS Uniphase rallies. NEW YORK, April 10- U.S. stocks climbed 1 percent on Wednesday, with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day.
*Tech shares among the day's leaders, JDS Uniphase rallies. *FOMC minutes released, ahead of schedule, at 9 a.m. EDT. NEW YORK, April 10- The S&P 500 rose to a historic high on Wednesday as U.S. stocks advanced 1 percent in a broad rally, with technology shares among the strongest of the day.
April 8- Cisco Systems, IBM and Citrix have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking, aimed at making network management easier and cheaper.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."