- Al Sharpton, Trayvon Martin’s parents rally against Fla. ‘stand your ground’ law
- Hillary Clinton campaign got illicit funds from D.C. scandal figure
- Obama administration backs off plan to cut prescription-drug program
- Tickets linked to stolen passports purchased by Iranian middleman
- More than 3,500 police planned for Boston Marathon
- Ottawa day care suspends 2-year-old for ‘outside’ cheese sandwich
- Liam Neeson tells NYC mayor to ‘man up’ in horse carriage fight
- Real-life Dr. Doolittle to reveal how to talk to animals
- Climate change could bring back smallpox, researchers say
- Shoe-bomb witness to speak from London at N.Y. trial
Cisco narrows focus with new business structure
SAN JOSE, CALIF. (AP) - Cisco will undergo a number of structural changes following several challenging quarters as the networking behemoth attempts to become more efficient in bringing products to market.
Cisco Systems Inc., which last month killed off its Flip Video camcorder business, has tried to narrow its focus as competition intensifies. It said Thursday that it now wants to focus on five priorities: core routing, switching and services; collaboration; data center virtualization; architectures and video.
Last month, CEO John Chambers acknowledged criticism that the company has attempted to compete in too many areas. He sent employees a memo vowing to take “bold steps” to narrow the company’s focus.
Chambers warned of “tough decisions” ahead for the company.
Spokeswoman Kristin Carvell declined to comment Thursday on whether there would be layoffs or executive departures.
Cisco said it will organize worldwide field operations according to three geographic regions. Its services business will organize around key customer segments and delivery models.
The company is also streamlining its engineering organization and will now have three “councils,” which at Cisco have traditionally formed around each of the company’s top priorities. Those councils will focus on enterprise, service provider and emerging countries.
The changes will take place over the next 120 days, the company said.
Shares of San Jose, Calif., company rose 12 cents to $17.59.
TWT Video Picks
By David Keene
Conference showed that the values Reagan cherished still endure
- Hillary Clinton campaign received funds from Jeffrey Thompson
- Kim Jong-un calls for execution of 33 Christians
- Senate Democrats, Republicans spar over restoring unemployment benefits
- Unanimous Senate passes bill on military sex assault to give victims more say in prosecution
- Atheists sue to remove 'Ground Zero Cross' from 9/11 museum
- Mitch McConnell on beating tea party: 'We are going to crush them'
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- Sharyl Attkisson resigns from CBS after months of talks
- George Zimmerman signs autographs at Orlando gun show
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again