Brocade Communications Systems Inc., which has been trying to sell itself for more than two years, is a step closer to unlocking a 32 percent gain for shareholders now that its chief executive officer is on his way out.
Cisco Systems Inc., the biggest maker of computer-networking equipment, plans to eliminate about 1,300 jobs, or 2 percent of the workforce, as Europe’s debt crisis and sluggish corporate spending threaten sales.
Yahoo! Inc. hired Ken Goldman, a technology-industry veteran with three decades of experience in software and Internet companies, to succeed Tim Morse as chief financial officer, the biggest management switch yet by Chief Executive Officer Marissa Mayer.
Cisco Systems Inc. , the world’s largest maker of networking equipment, fell 10 percent in Nasdaq trading after forecasting sales that missed analysts’ estimates and saying the recovery may be slowing.
Juniper Networks Inc., the second- biggest maker of computer-networking equipment, forecast first- quarter profit that exceeded some estimates as wireless carriers bought equipment to upgrade networks.
Cisco Systems Inc., the biggest maker of computer-networking equipment, reported quarterly profit and sales that topped analysts’ estimates as job cuts kept costs in check and price reductions attracted customers.