CSCO

Cisco Again Threatens to Abandon Tandberg Bid

John Paczkowski in News on November 10, 2009 at 5:20 am PT

With opposition to its $3 billion bid to acquire Tandberg ASA mounting, Cisco Systems is extending its offer for the video teleconferencing company until Nov. 18. And it’s leaving the terms and conditions unchanged. So shareholders who’ve balked at the offer have an additional eight days to mull it over. Should they decline to accept it at the end of that period, Cisco may walk away from the deal.

Cisco Tops Estimates

John Paczkowski in News on November 4, 2009 at 1:28 pm PT

As its recent buying binge–three acquisitions in October, alone–suggests, Cisco’s business is in decent shape these days. Reporting first-quarter results after market close today, the company handily beat Wall Street estimates.

Cisco to Tandberg Shareholders: You’ll Accept $3.04 billion and Like It

John Paczkowski in News on October 30, 2009 at 8:19 am PT

Cisco has a message for Tandberg shareholders pressing the networking giant to raise its $3.04 billion offer for the company: Take it or we’re leaving. Sources tell Bloomberg that Cisco has little intention of meeting the demands of a group of investors who would like it to reach a bit deeper into its wallet before they hand over their 24 percent stake in Tandberg.

Cisco Skips Shopaholics Anonymous Meeting, Acquires ScanSafe

John Paczkowski in News on October 27, 2009 at 8:38 am PT

It’s beginning to look like Cisco suffers from a compulsive-buying disorder. In early October, the company spent $3 billion on videoconferencing system maker Tandberg. A few weeks later it acquired wireless infrastructure outfit Starent Networks for $2.9 billion. And now it’s buying ScanSafe as well.

Starent to Cisco: Hey, Big Spender

John Paczkowski in News on October 13, 2009 at 6:26 am PT

Cisco CEO John Chambers wasn’t kidding when he said we’d see the company move into a number of new markets via acquisition over the next year. Earlier this year, Cisco acquired Pure Digital, developer of the Flip video camera, for $590 million. Two weeks ago it spent $3 billion on video-conferencing system maker Tandberg. And now it’s purchasing mobile infrastructure outfit Starent Networks for $2.9 billion, or $35 a share.

Cisco Systems: Expectations Rising for Tomorrow’s Q4

Tiernan Ray, Blogger, Barron's, Tech Trader Daily in News on August 4, 2009 at 1:05 pm PT

Expectations have been building for Cisco Systems’s fiscal Q4 report, which comes tomorrow, after the bell. Deutsche Bank last week forecast a “beat and raise” report, while Pacific Crest discussed prospects Cisco’s enterprise customer base is going to rebound for the company.

Layoffs at Cisco

John Paczkowski in News on July 16, 2009 at 11:45 am PT

The 1,500 to 2,000 job cuts announced during Cisco’s second-quarter earnings call are apparently well under way. Sources say the company is sacking upward of 600 employees at its Silicon Valley headquarters today.

Mr. Hooper: Cisco CEO’s Heir Apparent?

John Paczkowski in News on July 8, 2009 at 11:35 am PT

If there was any doubt that Ned Hooper is Cisco CEO John Chambers’s likely heir apparent, it disappeared today when the company named him chief strategy officer. For Hooper, who was already waist-deep in corporate strategy at Cisco as senior vice president corporate development and head of its consumer division, this is quite a promotion.