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Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [ 4 ]
Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity. [ 2 ] The company's largest acquisition as of October 2023 [update] is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [ 3 ]
On this day in business history... Cisco Systems was founded on Dec. 10, 1984, by Sandy Lerner and Len Bosack, who had developed a groundbreaking new connectivity device called a router while ...
The inside of a Cisco 1900-series switch. Catalyst is the brand for a variety of network switches, wireless controllers, and wireless access points sold by Cisco Systems.While commonly associated with Ethernet switches, a number of different types of network interfaces have been available throughout the history of the brand.
During Chambers' time at the company, Wang's profits declined dramatically from $2 billion 1989 to a $700 million loss in 1990. A year later, Chambers left Wang to join Cisco, which had gone public on February 16, 1990. [12] In 1995 Chambers became CEO of Cisco, a position he held until 2015. He had also been promoted to board chairman in 2006 ...
Despite constant attempts by analysts and the media to complicate the basics of investing, there are only three ways a stock can create value for shareholders: Dividends. Earnings growth. Changes ...
On June 26, 1995, Compaq reached an agreement with Cisco Systems, Inc., in order to get into networking, including digital modems, routers, and switches favored by small businesses and corporate departments, which was now a $4 billion business and the fastest-growing part of the computer hardware market. Compaq also built up a network ...
BOSTON – Cisco Systems Inc. is expected to cut thousands of jobs in possibly its worst-ever round of layoffs, to meet Chief Executive John Chambers' goal of slashing costs by $1 billion ...