CISCO SYSTEMS

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GE planning new software center in California

General Electric Co plans to hire about 400 people to work in a new software development center it intends to open in San Ramon, California, next year, the largest U.S. conglomerate said on Thursday.
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Asian Markets Post Gains

Asian shares rebounded on Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
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A pedestrian walks past the Cisco logo at the technology company's campus in San Jose

Cisco Q2 Beats Cautious Street View

Cisco Systems Inc forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles.
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Cisco Q2 outlook beats cautious Street view

Cisco Systems Inc forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles.
Traders work on the floor of the New York Stock Exchange

Futures Tumble on Rising Italy Worry

Stock index futures tumbled on Wednesday as a spike in Italian bond yields sparked fears the country will need a bailout, ratcheting up the region's debt crisis to another level.
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Small chipmakers see macro economy hurting Q4

Smaller chipmakers warned of tough times ahead for the sector as macroeconomic uncertainties squeeze customer spending, echoing sentiments expressed by larger rivals such as Texas Instruments last month.
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SAfrica's Altech in talks for $60m Kenya firm -source

South Africa's Allied Technologies Ltd is in talks to pay up to $60 million for unlisted Kenyan IT firm Symphony, according to a person familiar with the matter, to help revive its struggling business in fast-growing east Africa.
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AMD Appoints Mark Papermaster as CTO

Advanced Micro Devices Inc said it hired Mark Papermaster as Chief Technology Officer to oversee the company's product development roadmap and its R&D division.
BlackBerry Phones Being Showcased

Memo to Tim Cook: With iCloud, Learn from BlackBerry Outage or Else!

Dear Tim Cook, Apple CEO: Now that you are essentially betting Apple on iOS 5 and a whole family of iPhones, iPods, iPads and Macs that run it, you've just been handed a great case study by your Canadian rival, Research in Motion. For three days, BlackBerry customers worldwide couldn't access e-mails. This, the company said, was due to a server problem in England.
Clouds pass over Capitol Hill in Washington

Foreign Profit Tax Break was Costly Bomb: Report

Congress should not endorse another big tax break for overseas corporate profits because the last one in 2004-2005 was a costly failure, said U.S. congressional investigators in a report released on Monday.

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