Cisco has agreed to buy Norwegian videoconferencing company Tandberg for $3 billion in cash, its latest big bet that video will drive demand for its core data transmission gear.
U.S. stocks fell further on Thursday as data showed the manufacturing sector grew in September at a slower pace than anticipated and weighed on investor sentiment.
Cisco has agreed to buy Norwegian videoconferencing company Tandberg for $3 billion, the latest in a series of bets taken on using video to drive demand for its core data transmission gear.
* U.S. stock index futures point to a flat to weaker start for Wall Street on Thursday, with the Nasdaq Composite futures NDc1 down 0.3 percent after Cisco System (CSCO.O) offered to buy Norwegian Tandberg for $3 billion in cash.
Stock futures pointed to a flat to weaker start for Wall Street on Thursday, with the Nasdaq Composite futures down 0.3 percent after Cisco System offered to buy Norwegian Tandberg for $3 billion in cash.
U.S. network equipment maker Cisco System is to buy Norway's video-conferencing equipment maker Tandberg ASA for an agreed 17.2 billion crowns ($3.0 billion) in cash, the companies said on Thursday, lifting Tandberg shares.
Stocks slipped on Wednesday on news of a surprising contraction in an index of Midwest business activity, but losses were limited by a bounce in technology bellwethers like Cisco Systems Inc at the end of a strong quarter.
U.S. stocks were mostly flat on Wednesday, on a volatile last day of a strong third quarter, as a disappointing report on Midwest business activity was offset by gains in commodities and tech.
Privately-held smart grid networking company Silver Springs Network is considering launching an initial public offering but will not do so this year, Chief Executive Scott Lang said on Tuesday.
Top U.S. network equipment maker Cisco Systems Inc cut year-end bonuses to its senior executives this year as a tough economy hurt the company's revenue, according to a regulatory filing.
Cisco Systems Inc and EMC Corp are in talks to create a new joint venture to provide technology services, the Wall Street Journal said, citing people briefed on the plan.
Alcatel-Lucent's research and development strengths and broad customer base make it an attractive takeover candidate for a rival, but it has to clean up its operations before a deal is likely.
Microsoft Corp put its new Zune HD digital music and video player on sale on Thursday, pricing it below comparable Apple Inc iPod devices, in an attempt to claw some market share away from the dominant leader.
A U.S. federal court has ordered Microsoft Corp to stop selling some versions of its widely used Word software in the United States in two months, ruling in favor of a small Canadian firm that accused the software giant of violating its patents.
Network equipment maker Cisco Systems Inc Chief Executive John Chambers said on Wednesday that the company's latest expansion in the online media and entertainment business will help improve relations between the music industry and Silicon Valley.
Stocks slid on Thursday as investors took profits after a recent rally and turned cautious a day before the government's crucial July jobs report.
U.S. stocks fell for the second day on Thursday as Cisco's cautious outlook for a recovery and falling telecom stocks offset optimism about the economy spurred by a steep drop in the number of workers filing new claims for jobless benefits.
Stocks slipped on Thursday as drops in telecommunications and biotechnology stocks offset optimism about the economy spurred by a sharp fall in the number of workers filing new claims for jobless benefits.
U.S. stocks slipped on Thursday as drops in telecommunications and biotechnology stocks offset optimism about the economy spurred by a sharp fall in the number of workers filing new claims for jobless benefits.
Stock index futures pointed to a higher opening on Wall Street on Thursday, with futures for the S&P 500 up 0.22 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.08 percent at 4:45 a.m. EDT.
Recovery worries, Electric injection, Network doldrums
Cisco Systems Inc Chief Executive John Chambers said business conditions were improving for the world's largest network equipment manufacturer but it was too soon to call a recovery, dragging its shares down 3 percent.
