Cisco raised the specter of a sharp slowdown in technology spending late Wednesday, rattling investors already fretting about the economy’s fragile condition.
The movement is a nationwide, neighbor-to-neighbor effort to assist seniors stay in their homes and neighborhoods.
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.
San Jose-based Networking equipment firm Netgear has agreed to buy the customer networking solutions division of Illinois-based Westell Technologies for $33.5 million.
Cisco reported its first-ever cash dividend will amount to 6 cents per share and will be paid on April 20.
The company behind the largest website for professional networking is going public.
A gloomy outlook from Cisco Systems Inc. is shaking some investors’ faith in the strength of the technology industry’s recovery.