Routers play an important role as the Internets traffic cops, shunting packets of data to their destinations. Those placed at the Internets backbone – the main arteries for traffic – need the most capacity given the amount of data passing through. These machines are known as core routers, and Cisco competes in this market with [...]

Cisco, the worlds largest computer networking equipment maker, said holders of 89 percent of Tandberg shares have agreed to the companys $30.32-per-share offer as of Thursday, when the bid expired following a two-day extension. That is just shy of the 90 percent threshold Cisco had set to complete the acquisition.
Cisco, based in San [...]

Under Norwegian law, Cisco needed more than 90 percent of the shares to gain complete control of Tandberg. Cisco plans to buy the remaining stock on the open market and acquire options or other contracts for Tandberg shares, said Terry Alberstein, a spokesman for San Jose, California-based company.
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“The numbers are indicating us being in the early, initial phase of a recovery — with the U.S. leading the way,” Chambers said in an interview yesterday, following the release of Ciscos fiscal first-quarter results. “The numbers for U.S. enterprise orders were dramatic, going from a minus 20 percent order rate a quarter ago to [...]

SEB ABs SEB Enskilda unit in Norway canvassed shareholders and found that 21 owners wont sell “at the current offer terms,” according to a statement issued today by the bank. SEB was acting on behalf of clients, said Nils Kasper Lodden, the banks spokesman.
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Starent, of Tewksbury, Mass., makes equipment that allows carriers to tie their wireless networks to the Internet.
San Jose, Calif.-based Cisco is paying $35 per share in cash, a 21 percent premium to Mondays closing price of $29.03. Starents board has accepted the offer, and the parties expects the deal to close early next year.
Starent shares [...]

Cisco is paying twice the value of the entire global annual market for videoconferencing equipment, at about $1.5 billion a year. But the fact that Tandberg is a Norwegian company allows Cisco to use an asset thats otherwise not very useful: the cash that has been piling up in its overseas subsidiaries.
Cisco, the worlds largest [...]

The majority of the cuts, reported earlier by The Wall Street Journal, were made at Ciscos San Jose headquarters Thursday, adding to the 447 California workers Cisco had already laid off since the end of February, according to notices filed with the state.
As of the end of April, Cisco employed about 66,560 people. [...]

Requiring U.S.-made parts would be “grossly inefficient” and a “radical departure” from normal markets, said Cisco, the largest maker of networking equipment. The comments were filed with the U.S. agency running the broadband initiative, part of the $787 billion stimulus package.
The [...]

Dow Jones & Co. said Monday it would add Cisco Systems Inc., the worlds largest maker of computer networking hardware, to the 30-stock industrial average, replacing General Motors Corp. The change takes effect June 8.
The automotive giant filed for bankruptcy protection Monday. Meanwhile, Cisco has been weathering the recession without major layoffs, and has kept [...]