Erik Suppiger News
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Huawei Technologies Co. has emerged as the world’s second-largest maker of networking gear thanks to growth in China, Europe and emerging markets. The U.S. business is a different story.
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Cisco Systems Inc.’s quest for acquisitions while grappling with its worst stretch of sales growth is making takeover candidates out of Citrix Systems Inc., NetApp Inc. and Rackspace Hosting Inc.
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Cisco Systems Inc. forecast sales this quarter that missed analysts’ most optimistic projections, citing growth challenges in China and Europe and the prospect of lackluster government demand for networking equipment.
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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.
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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.
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Cisco Systems Inc., the biggest maker of networking equipment, beat profit and sales estimates, defying concerns that delays in network upgrades by phone and cable companies would drag down revenue.
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Cisco Systems Inc. , the biggest maker of networking equipment, declined 4.5 percent in Nasdaq trading after its sales forecast failed to live up to investors’ optimism for the technology recovery.
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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.
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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.
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Juniper Networks Inc. , the second- largest U.S. maker of networking equipment, reported revenue that missed analysts’ estimates as companies curbed spending on hardware to link computers. The shares slid in late trading.
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