Cisco Systems

Cisco Systems logo on display during a press event at the 2010 International Consumer Electronics Show at the Venetian January 6, 2010 in Las Vegas, Nevada. (Ethan Miller/Getty Images)

Cisco Systems To Cut 6,500 Workers

Networking equipment maker Cisco Systems Inc. is cutting 6,500 employees—about 9 percent of its work force — as it follows up on a plan announced in May to eliminate thousands of jobs in an effort to cut costs and raise profits.

CBS San Francisco–07/18/2011

Cisco Systems headquarters in San Jose. (AP)

Cisco Earnings Down 18 Percent In 3Q

Cisco Systems Inc., the world’s largest maker of computer networking gear, said Wednesday that it’s set to eliminate thousands of jobs as part of cost-cutting moves to get profits growing again.

CBS San Francisco–05/11/2011

Cisco Systems logo on display during a press event at the 2010 International Consumer Electronics Show at the Venetian January 6, 2010 in Las Vegas, Nevada. (Ethan Miller/Getty Images)

Cisco To Streamline Its Business Structure

Cisco is planning more changes as it continues to focus on streamlining operations following several challenging quarters.

CBS San Francisco–05/05/2011

Cisco Flip Video camera

Cisco Drops Flip Cam, Cuts 550 Jobs

Cisco Systems Inc. announced Tuesday that it was exiting several consumer businesses, including most notably its Flip Video camera business, and laying off 550 employees.

CBS San Francisco–04/12/2011

Cisco Systems Inc. headquarters in San Jose. (AP Photo)

Cisco Pulls Technology Stocks Lower

Stocks finished Thursday flat, dragged down by Cisco Systems Inc. The San Jose-based company issued a weak earnings forecast.

CBS San Francisco–02/10/2011

Cisco Systems logo on display during a press event at the 2010 International Consumer Electronics Show at the Venetian January 6, 2010 in Las Vegas, Nevada. (Ethan Miller/Getty Images)

Cisco Earnings Fall 18 Percent In Second Quarter

Cisco said Wednesday that its net income fell 18 percent in the latest quarter, as sales growth slowed.

CBS San Francisco–02/09/2011

digital divide

Oakland Charter School Tackles The Digital Divide

Arise High School, a charter school in Oakland’s Fruitvale District, received routers and wireless adapters from Cisco Systems as a donation to tackle the digital divide.

CONNECT WITH KCBS–02/07/2011

Intel

Santa Clara-Based Intel Raising Dividend By 15 Percent

Intel, the big chip maker, said Friday that it will raise its dividend by 15 percent, providing welcome a note of optimism after network gear maker Cisco Systems Inc. helped drive stocks lower this week with a disappointing sales forecast.

11/12/2010

(Mario Tama/Getty Images)

Skype Getting New Chief Executive From Cisco

Skype is replacing its CEO with a Cisco Systems executive, a change that may indicate the Internet calling service is closer to announcing specific plans for an initial public offering.

CBS San Francisco–10/04/2010

Cisco Systems logo on display during a press event at the 2010 International Consumer Electronics Show at the Venetian January 6, 2010 in Las Vegas, Nevada. (Ethan Miller/Getty Images)

Cisco To Start Paying Dividend By Next Summer

Cisco Systems Inc., the world’s largest maker of computer-networking gear, said Tuesday that it would pay its first dividend by July, the end of its current fiscal year. Like several other big technology companies, Cisco has a large cash balance, and analysts have speculated that it would use it for a dividend.

CBS San Francisco–09/14/2010

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