Cisco acquiring PostPath for $215 million
Cisco is now taking on Microsoft with their latest acquisition.
They are now acquiring PostPath Inc. for $215 million.
With this, they would now be able to provide solutions like e-mail and calendar applications.
PostPath applications compete with Microsoft Exchange solutions for corporate customers.
Cisco would combine their technologies with WebEx video-conferencing product [...]
Pure Networks to be acquired by Cisco Systems
Cisco Systems has announced that they are now acquiring Pure Networks.
The deal is worth around USD 120 million.
Pure Networks specializes in developing home networking-management software and tools.
Cisco said that they expect this deal to be complete by their first quarter of fiscal year 2009.
This acquisition would boost [...]
Cisco Systems acquiring DiviTech
Cisco Systems has announced that they are now acquiring the Danish digital video technology company DiviTech.
This acquisition is aimed to help the company expand their services into software and video industries.
The companies did not reveal the financial aspects of this deal.
DiviTech specializes in delivering technologies that enable the broadcasters to manage their [...]
Larry Ellison top paid executive last year
Forbes has come out with their list of the top executive salaries and Oracle boss Larry Ellison has topped the last year’s list.
His total compensation for the year 2007 was around $192.9 million.
Nabeel Gareeb of MEMC Electronic Materials was the second name in the list. Other names in the [...]
Motorola invests in VirtualLogix
Market sources say that mobile phone maker Motorola has now invested in the VirtualLogix.
VirtualLogix specializes in developing mobile virtualization solutions.
An official announcement is likely to come out today.
Motorola would join other high profile investors in the company including Intel, Cisco and Texas Instruments.
VirtualLogix technology would enable mobile phone makers to run multiple [...]
Dell to expand component orders from China to cut costs
Dell has revealed that they are now going to expand their component orders from China.
The company aims to buy $23 billion of components from China this year and $29 billion in 2009.
The aim is to cut costs in manufacturing of their products as they face massive [...]
Charles Giancarlo leaving Cisco
Cisco’s Chief Development Officer, Charles Giancarlo has been widely considered as the candidate to be picked up to lead the company in the company years.
However, he has now announced his decision to leave the company.
Giancarlo said in a statement that he would leave the company at the end of the month. He [...]
AT&T to acquire networking equipment from Cisco
US based telecom giant AT&T has announced that they are going to buy networking hardware from Cisco Systems Inc.
This order would be to upgrade its Internet backbone network. The deal is a major victory for Cisco as they have managed to overcome the competition from rival company Juniper Networks.
AT&T [...]
Padmasree Warrior is the new CTO at Cisco
Motorola had just recently announced that their Chief Technology Officer Padmasree Warrior was leaving the company to pursue other interests.
The latest development on this story is that she has now joined the networking giant Cisco as their new CTO.
Padmasree Warrior joins Cisco to fill the position which has [...]
Cisco Systems announces plan to buy back stock
Cisco Systems has announced their decision to enhance their stock buyback effort by $10 billion.
This means that the company believes that their stock is undervalued at the stock market.
The company aims to increase the value of remaining investors’ stakes. This is also going to help them protect [...]
