Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Cisco CEO Chambers Files to Sell Shares

Cisco Systems CEO John Chambers has adopted a plan to sell a combined 2.8 million shares of the company’s shares by mid 2014 in a pre-arranged plan, according to a new filing with the U.S. Securities and Exchange Commission. Chambers will sell 1.3 million shares awarded under a plan approved in 2005 and another 1.5 million shares from other holdings. The shares terminate in September 2014. As of Friday’s closing price of $19.96 a share, the shares would be worth $56 million. Cisco shares fell Friday by more than 1 percent, but have risen by more than 10 percent this year.


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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google