Despite Higher Earnings, Cisco Shares Fall on Lower Margins
Cisco Systems grew its fiscal first-quarter profit 8% from a year ago, beating analysts' expectations, but lower margins have pushed its shares down more than 12% in extended trading.
cisco systems
New CEO for Skype: Former Cisco Executive Takes Helm
Former Cisco Systems senior vice president Tony Bates has answered Skype's call for a new leader. He's signed on as the Internet-telephone service's CEO, replacing Josh Silverman, who had headed eBay's Shopping.com division before taking the top spot at Skype since 2008.
More Money for Microsoft Shareholders: Quarterly Dividend Grows 23%
In a sign of confidence in the economy, Microsoft says it's raising its dividend for the first time in two years. Shareholders will now get a quarterly dividend of 16 cents, up 23% from 13 cents. The news comes a week after Cisco said it would start paying a dividend.
Cisco's Lackluster Results Send Investors Fleeing
Tech giant Cisco Systems reported a 79% increase in earnings but the company's revenue fell short of analyst expectations, causing investors to push the stock down over 5% after hours. Cisco's tepid results suggest that technology spending isn't growing as fast as investors had hoped.
Cisco Eyes Ultra High-Spreed Broadband
Investors buoyed shares of Cisco in anticipation of what the company says will be an Internet-changing announcement Tuesday morning.
Cisco Expected to Report Improved Sales
Cisco is expected to report positive sales growth, buoyed by growing confidence in its core customer base of businesses and governments. The networking gear maker's performance serves as a bellwether of spending on costly information technology infrastructure.
With Sun, Oracle Bets on a New Strategy
Larry Ellison's webcast announcing the completion of the Sun acquisition got overwhelmed by iPad-mania the same day. So much so, that it appeared as if Oracle had made a rare publicity blunder. But maybe not.
