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John Chambers

A sign is posted in front of the Cisco Systems headquarters in San Jose. (Justin Sullivan/Getty Images)

Cisco To Lay Off 1,300 Employees In Latest Cutback

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.

07/23/2012

A sign is posted in front of the Cisco Systems headquarters in San Jose. (Justin Sullivan/Getty Images)

Cisco Sober Forecast Overshadows Quarterly Profit Surge

Cisco raised the specter of a sharp slowdown in technology spending late Wednesday, rattling investors already fretting about the economy’s fragile condition.

05/09/2012

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 CEO’s Pay Fell By Third, Same As Share Slump

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.

10/18/2011

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 Cuts Long-Term Sales Growth Forecast

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.

09/13/2011

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’s CEO Vows ‘Bold Changes’ As Investors Worry

Cisco Systems Inc. CEO John Chambers is calling his company’s recent missteps “unacceptable” and is vowing to take “bold steps” to narrow Cisco’s focus.

CBS San Francisco–04/06/2011

California Governor Jerry Brown (AP)

Brown Seeks Silicon Valley Allies For Tax Extensions

Governor Brown said that his bid to temporarily extend billions in taxes is imperative to the state’s economic survival.

CONNECT WITH KCBS–02/11/2011

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 Earnings Climb; CEO Remarks Push Shares Lower

Cisco Systems Inc. said Wednesday that its earnings for the latest quarter climbed 8 percent from last year. But new downbeat comments from the company’s CEO on the pace of its customers’ spending helped push shares lower in extended trading.

CBS San Francisco–11/10/2010

Sen. Barbara Boxer and Cisco CEO John Chambers wave during a town-hall-style meeting with Cisco employees at Cisco headquarters on October 26, 2010 in San Jose. (Justin Sullivan/Getty Images)

Boxer Campaigns In Silicon Valley

Senator Barbara Boxer held a town hall meeting in Silicon Valley on Tuesday, talking about some of the issues she feels are most important to those in the high tech industry.

CONNECT WITH KCBS–10/26/2010

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