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Do we really need another Social Software Platform? Given Microsoft’s acquisition of Yammer, I for one am glad to see another contender jump in the game. And this one is carrying a big bat.
Cisco Systems plans to cut 15 percent of its staff and sell a set-top box factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes.
Networking equipment company Cisco Systems Inc could eliminate as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, Bloomberg said, citing two people familiar with the matter.
Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations.
The Flip video camera had been one of the great hardware-start-up successes of the previous decade, but it lost traction as the smartphone came on the scene.
Networking giant Cisco Systems Inc. agreed to acquire Starent Networks, a maker of infrastructure equipment used by wireless carriers, for about $2.9 billion. The technology bellwether—which has been hurt by a pullback in customer ...