CEO John Chambers has been the chief executive officer of Cisco Systems Inc since 1995. He is 56 years old. Follow Mr. Chambers and Cisco Systems Inc in the news and blogs or share your own opinion about the company and its leadership.
Cisco Systems Inc. said Wednesday it had cleared a U.S. antitrust review and expects to complete its $2.9 billion acquisition of Starent Networks Corp. in the coming days. Cisco, the world's largest maker of computer networking gear, said the U.S. Justice Department and Federal Trade Commission had ended a mandatory waiting period to review the deal. Tewksbury, Mass.-based Starent makes equipment that allows carriers to tie their wireless networks to the Internet. On Friday, Starent said its... Read Full Story
Starent Networks Corp. has cleared a key hurdle toward its pending acquisition by the world's largest maker of computer networking equipment. Starent said Friday its shareholders have endorsed the $2.9 billion sale to Cisco Systems Inc. Cisco is paying $35 a share in cash. Starent spokeswoman Jennifer Buchhalter says the sale requires regulatory approval. Starent, which is based in Tewksbury, Mass., makes equipment that allows cell phone carriers to tie their wireless networks to the... Read Full Story
Deutsche Bank analyst Brian Modoff said Cisco Systems Inc.'s meeting with analysts Tuesday reinforced his upbeat outlook on the networking gear maker and its shares. Modoff said his conversations with Cisco's management were "consistently positive," and he expects the company's share price to benefit from several of Cisco's growth projects in virtualized data centers, routers and other areas. Virtualization lets a single computer function like multiple machines, allowing companies to spend... Read Full Story
Among the premarket stories for Wednesday, Dec. 9, from AP Financial News: _ Shares of Men's Wearhouse Inc.'s dropped in premarket trading after issuing a fourth-quarter forecast that disappointed investors. _ Deutsche Bank analyst Brian Modoff said Cisco Systems Inc.'s meeting with analysts reinforced his upbeat outlook on the networking gear maker and its shares. _ The worst of its slowdown due to the recession now appears behind online auction marketplace Liquidity Services Inc., said... Read Full Story
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total of $5 billion. The offering is expected to close on Nov. 17. Of these notes, $500 million will mature in November 2014 and will bear interest at an annual rate of 2.9 percent, $2.5 billion will mature in January 2020 and will bear interest at an annual rate of 4.45 percent, and $2 billion will mature in January 2040 and will bear... Read Full Story
Cisco Systems Inc.'s latest results show that the world's No. 1 maker of computer-networking equipment is still being hurt by the downturn, but sees things turning up. The company is forecasting its first year-over-year revenue increase since the financial crisis erupted a year ago. Cisco's CEO, John Chambers, talked with analysts on a conference call about why he thinks large companies are ready to spend again, and how much predictability there will be in customers' order patterns, and thus... Read Full Story
Cisco Systems Inc. said Monday that it was extending by nine days its offer to buy shares of Tandberg SA, a Norwegian maker of videoconferencing equipment. Tandberg's board has agreed to the deal, but minority shareholders said last week that Cisco's $3 billion cash offer was too low. The offer period was set to expire Monday. Cisco extended it until Nov. 18. Tandberg shares closed Monday at 151.80 Norwegian kroner on the Oslo stock exchange, just below Cisco's offer for 153.50 kroner... Read Full Story
Cisco Systems Inc. says its quarterly income dropped 19 percent but that recession-dampened orders are improving. CEO John Chambers says the latest results reinforce that things are getting better after the "clear tipping point" Cisco saw this summer. Cisco says it earned $1.8 billion, or 30 cents per share, down 19 percent from $2.2 billion, or 37 cents per share, a year ago. Excluding one-time charges, the world's biggest maker of computer networking equipment earned 36 cents per share... Read Full Story
The chief executive of Cisco Systems Inc., John Chambers, received $14.2 million in compensation for the latest fiscal year, up 16 percent from a year earlier due to more generous allotments of stocks and options, according to an Associated Press calculation of figures disclosed in a regulatory filing. As Cisco's sales and revenue shrank during the year that ended July 25, Chambers and other executives got no payments from the company's cash incentive plan, which yielded Chambers $3 million... Read Full Story
NEW YORK (Reuters) - Cisco Systems Inc <CSCO.O> said it would buy wireless networking gear maker Starent Networks <STAR.O> for $2.9 billion as it sees strong growth in demand for high-speed wireless service. The top U.S. network equipment maker, Cisco said on Tuesday that it would pay $35 for each share of Starent Networks in a deal the companies expect to close during the first half of calendar 2010. Starent shares had closed at $29.03 on Monday. Cisco said the acquisition would probably... Read Full Story
