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BREAKING NEWS From CNBC'S Jim Goldman: Cisco To Unveil New Tools For Build Out of High Speed Networks Tomorrow

I'M JIM GOLDMAN WITH BREAKING NEWS CONNECTED TO CISCO SYSTEMS AND A BIG WEBCAST SCHEDULED FOR TOMORROW CONTRIBUTING TO ALL SORTS OF SPECULATION...

CISCO IS FUELING THAT SPECULATION, SAYING THE ANNOUNCEMENT WILL QUOTE FOREVER CHANGE THE INTERNET AND ITS IMPACT ON CONSUMERS, BUSINESSES AND GOVERNMENTS...

THIS HAS LED BLOGGERS AND TRADE PUBLICATIONS TO SPECULATE THAT CISCO WOULD BE UNVEILING A NEW, HIGH SPEED BROADBAND NETWORK OF ITS OWN... I'M TOLD THAT DEVELOPMENT IS HIGHLY UNLIKELY... MORE LIKELY IS THAT CISCO WILL UNVEIL THE TOOLS BY WHICH ITS NETWORK SERVICE PROVIDERS, INCLUDING COMCAST, AT&T AND OTHERS WILL BE ABLE TO USE TO BUILD OUT HIGH SPEED NETWORKS OF THEIR OWN...

GOOGLE RECENTLY ANNOUNCED PLANS FOR A PILOT HIGH-SPEED NETWORK IT IS BUILDING OUT.. RATHER THAN COMPETING DIRECTLY WITH GOOGLE, IT'S POSSIBLE NEW TOOLS FROM CISCO COULD HELP GOOGLE DELIVER ON ITS PROMISE OF ONE-GIG-PER SECOND DOWNLOAD SPEEDS. THIS WEBCAST SHOULD BEGIN TOMORROW.

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