By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Cisco's latest quarterly report provided further evidence that spending on technology gear is rising modestly in most parts of the world, despite persisting concerns about a still-shaky economy.
Cisco Systems Inc. isn't content to be the world's largest maker of computer networking gear. It says it wants to become the "No. 1" supplier of information technology to big businesses by broadening its offerings of services and software.
Wall Street ratings agencies are skeptical of the resolve of political leaders to tame the nation's debts, and are raising the likelihood that at least one of the three top agencies will add to the turmoil in financial markets at the end of the year by further downgrading the U.S. credit rating.
Cisco Systems Inc., the world's largest maker of computer networking gear, said Tuesday that U.S. companies are starting to spend again, helping Cisco find more solid footing after some shaky months early this year.
For a little while it looked as if Ben Affleck might try to be the next Harrison Ford: He starred in action movies like "Daredevil" and "Armageddon" and even briefly filled Mr. Ford's old shoes in the role of Tom Clancy hero Jack Ryan in 2002's "The Sum of All Fears."
The situation was dire. Unbearably tense. Three months after the late-1979 takeover of the U.S. Embassy in Tehran by Iranian revolutionaries, six American diplomats who had secretly escaped the compound were attempting to flee the country.
Cisco Systems Inc. hasn't had a president since CEO John Chambers gave up the title in 2006. Now, as the company thinks about a successor to the long-serving CEO, it's appointing two presidents _ twice the number most companies have.
Cisco Systems Inc. trimmed CEO John Chambers' pay package for the past fiscal year by 9 percent as concerns about growth at the maker of computer networking equipment weighed on the company's stock.
Cisco Systems Inc., the world's largest maker of computer networking equipment, is seeing its ambitions cramped by the global economic turmoil, but results for its latest quarter were strong enough that it announced an increase to its dividend.
Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.
Cisco Systems Inc.'s chief strategy officer, who was responsible for scouting for acquisition opportunities, has left for an investment fund, the company said Tuesday.
Cisco Systems Inc. CEO and Chairman John Chambers on Wednesday introduced a campaign to help create 12,000 high-tech jobs in Israel's distressed Arab sector over the next four years.
Cisco raised the specter late Wednesday of a jarring slowdown in technology spending, alarming investors already fretting about the economy's fragile condition.
Cisco, the world's largest maker of computer networking equipment, on Wednesday said that its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it.
Cisco Systems Inc., the world's largest maker of computer networking gear, is showing signs of pulling a turnaround, exceeding analyst sales expectations for the second quarter in a row.
"I do believe governments have the potential to trip us up here," he said.
Cisco CEO John Chambers, who is respected by investors for being able to predict economic trends, said what he is hearing and seeing from customers is giving him a sense of "cautious optimism."
