The buildings encompass 811,000 sq. ft., translating into a purchase price of approximately $190 per sq. ft.
Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014.
Cisco says its net income rose 14 percent in the latest quarter, and says it is seeing “some good signs” in the U.S. and other markets.
Cisco’s latest quarterly report is providing further evidence that spending on technology gear is picking up despite persisting concerns about a still-shaky economy.
Belkin, a maker of smartphone cases and computing accessories, said Thursday that it is buying the home networking business unit of Cisco, including the Linksys router brand.
Cisco Systems was preparing to lay off about 1,300 workers just a few months after the world’s largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close deals.
Cisco raised the specter of a sharp slowdown in technology spending late Wednesday, rattling investors already fretting about the economy’s fragile condition.
Cisco Systems Inc. CEO John Chambers saw his pay package fall by nearly a third in the company’s fiscal year that ended in July, a period when the company’s shares dropped by about the same amount.
Cisco Systems Inc. lowered its long-term sales forecast on Tuesday, acknowledging that its days of heady growth won’t return in the foreseeable future.
SAN JOSE (CBS/AP) – Cisco Systems may have provided the battered stock market with some balm. The world’s largest maker of computer-networking equipment fared better than analysts anticipated in its latest quarter. The technology bellwether’s […]