Key Developments: Cisco Systems Inc (CSCO.O)

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Latest Key Developments (Source: Significant Developments)

Cisco board names Chuck Robbins as next CEO
Monday, 4 May 2015 08:30am EDT 

Cisco System Inc:Appointed Chuck Robbins as Chief Executive Officer effective July 26.Says Robbins was also elected to the Board of Directors of Cisco, effective May 1.Says John Chambers will assume the role of Executive Chairman on July 26, and will continue to serve as the Chairman of Cisco's Board.  Full Article

Covata Ltd signs ten-year global licence agreement with Cisco Systems
Wednesday, 25 Mar 2015 06:59pm EDT 

Covata Ltd:Says that it has executed long term licencing agreement with Cisco Systems Inc for Covata platform and related products, with focus on delivering this technology to Cisco clients.Cisco will license both Covata Product and Platform technologies on a SaaS (Software as a Service) basis to affiliates and clients, and/or incorporate Covata Platform technologies into Cisco products on non-exclusive basis.Contract between Cisco and Covata has term of ten years, with a minimum four-year term.Similar to NSC Global, license revenue received from Cisco clients utilising Covata Product and Platform technologies will be shared between two companies.  Full Article

Cisco Systems Inc and Microsoft Corp extend relationship with new cloud platform
Wednesday, 11 Mar 2015 08:00am EDT 

Cisco Systems Inc:Announces extension of its cloud and data center nofollow relationship with Microsoft Corp to include a new technology platform designed to accelerate service delivery and streamline journey to intercloud for cloud providers.Says integration between Cisco and Microsoft technologies will aim to enable cloud providers to realize unprecedented value.Says this collaboration will deliver pre-packaged policy management libraries that allow cloud providers to implement applications more quickly with consistent policy management.  Full Article

Telecom Italia and Cisco System, Inc Announce intent to enter agreement to offer cloud services to italian organizations
Tuesday, 3 Mar 2015 02:00am EST 

Telecom Italia and Cisco System, Inc:Says Telecom Italia intends to deliver new Cisco-enabled managed business services, including Cisco Meraki, to organizations throughout Italy as part of LAN management offering.Says Telecom Italia will offer modular and complete set of services for managing and operating business customer networks, while providing deep application control for superior end-user experience.Intents to work together on development of additional cloud managed services based on Cisco's comprehensive virtualization and orchestration software platform that creates, automates and provisions services in real time across compute, storage and network functions.  Full Article

Cisco Systems Inc gives Q3 2015 guidance; revenue above analysts' estimates - Conference Call
Wednesday, 11 Feb 2015 04:30pm EST 

Cisco Systems Inc:Expects Q3 2015 revenue growth in the range of 3-5 pct.Q3 2015 non-GAAP earnings per share in the range of $0.51 to $0.53.Reported revenue of $11.936 bln in Q2 2015.Q3 2015 revenue of $12.095 bln and EPS of $0.53 - Thomson Reuters I/B/E/S.  Full Article

Cisco System Inc increases quarterly cash dividend
Wednesday, 11 Feb 2015 04:05pm EST 

Cisco System Inc:Declares quarterly dividend of $0.21 per common share, a two-cent increase over the previous quarter's dividend, to be paid on April 22, of record as of the close of business on April 2.  Full Article

Cisco System Inc and Proximus renew strategic partnership
Thursday, 8 Jan 2015 04:00am EST 

Cisco System Inc and Proximus:Says at CES 2015 that they have consolidated their partnership to drive joint innovation and business development.Renewed partnership will enable Proximus to provide its customers with faster, tailored and innovative services across its entire portfolio.Says it will benefit from Proximus' technology research and local go-to-market expertise, in order to co-create new service provider offerings.  Full Article

Cisco Systems Inc declares quarterly cash dividend
Wednesday, 17 Dec 2014 04:15pm EST 

Cisco Systems Inc:Declared quarterly dividend of $0.19 per common share to be paid on Jan. 21, 2015 to all shareholders of record as of the close of business on Jan. 6, 2015.  Full Article

US Supreme Court to hear appeal in patent fight with Cisco
Monday, 8 Dec 2014 12:37pm EST 

The U.S. Supreme Court has agreed to hear an appeal of a controversial appeals court decision that set aside a $63.8 mln patent infringement verdict won by The Woodlands, Texas-based Commil USA LLC against Cisco Systems Inc:The 2011 jury verdict later was bumped to more than $73 mln with the addition of prejudgment interest, but was nullified in 2013 by the U.S. Court of Appeals for the Federal Circuit, which hears patent litigation appeals.The Federal Circuit held that Cisco should have been allowed to enter evidence that it had a good faith belief that the infringed Commil patent was invalid.The patent was found to be valid by jurors in an earlier trial in 2010.Controversial Federal Circuit ruling resulted in both the U.S. Solicitor General and the U.S. Patent and Trademark Office supporting Commil's request for the nation's highest court to hear the case.Commil and the company's supporters argued that the Federal Circuit's decision flew in the face of the U.S. Patent Act, which holds that all issued patents are presumed to be valid.  Full Article

Merge Healthcare partners with Cisco to bring digital PACS to Kingdom of Jordan
Wednesday, 3 Dec 2014 07:00am EST 

Merge Healthcare Inc:Says a partnership with Cisco to deliver high quality, affordable radiology services to public hospitals in the Kingdom of Jordan through Jordan Health Ministries' Jordan Health Initiative.New solution, Cisco Service Exchange Platform (SXP), is the first service exchange cloud for radiology to be piloted in the Middle East and Africa.  Full Article

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U.S. top court rules against Cisco Systems in patent infringement fight

WASHINGTON - The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc over a $64 million patent infringement verdict the tech giant is fighting.

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