cisco systems

Cisco Systems Plunges on Outlook Fears

Cisco Systems (CSCO) plunged in extended hours trading after the company%u2019s forecast for fiscal second quarter earnings came in lower than expected. Shares in Cisco dropped 14.1% to $21.03 a share at 07:23 ET.

Cisco Expected to Report Improved Sales

Cisco is expected to report positive sales growth Wednesday, buoyed by growing confidence in its core customer base of businesses and governments. The networking-gear maker's performance typically serves as a bellwether of spending on costly information technology infrastructure.

With Sun, Oracle Bets on a New Strategy

Oracle CEO Larry Ellison's Jan. 27 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.

Cisco cutting up to 2,000 jobs

According to Hasan Imam, an analyst at Thomas Weisel, Cisco systems is in the process of cutting between 1,500 and 2,000 jobs. The technology...