Key Developments: Cisco Systems Inc (CSCO.O)

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Latest Key Developments (Source: Significant Developments)

Cisco and Sensity Systems strategic relationship delivers internet of things applications platform
Friday, 17 Oct 2014 08:00am EDT 

Cisco Systems Inc:Cisco and Sensity Systems announces that two companies enters into strategic relationship that utilizes Sensity's NetSense platform as foundation for Cisco's City Infrastructure Management (CIM) software.As part of agreement, Cisco joins Sensity's NetSense Partner Program to create joint solution that converts city lighting infrastructure into distributed sensing platform for Smart City applications, such as smart parking, lighting, retail analytics, and public safety and security.  Full Article

TCL Corp subsidiary to set up cloud joint venture with Cisco Systems,Inc.
Thursday, 9 Oct 2014 08:00pm EDT 

TCL Corp:Reachfull Investment Limited, the subsidiary of TCL to set up a joint venture with Cisco Systems,Inc.The new joint venture will build data centers in China, and set up cloud-based video communication and collaborative office systems for Chinese small- and medium-sized enterprises and industry users, with a registration capital of $80 million.Reachfull Investment Limited to hold a 40.92 pct stake and Cisco Systems,Inc. to hold a 20 pct stake in the joint venture.  Full Article

Cisco completes acquisition of Metacloud
Monday, 29 Sep 2014 04:05pm EDT 

Cisco Systems Inc:Completes acquisition of privately held Metacloud.Based in Pasadena, Calif., Metacloud deploys and operates private clouds for global organizations with unique OpenStack-as-a-Service model that delivers and remotely operates production-ready private clouds in customer's data center.  Full Article

Belgacom expands relationship with Cisco Systems Inc to offer innovative mobile internet services
Thursday, 18 Sep 2014 08:00am EDT 

Cisco Systems Inc:Says Belgacom has broadened its relationship with Cisco and purchased additional Cisco mobile Internet products to help evolve its network and provide Belgacom customers with mobile Internet experiences.Cisco products are the Cisco Serving GPRS Support Node (SGSN) and Cisco Mobility Management Entity.  Full Article

Cisco Systems announces intent to acquire Metacloud
Wednesday, 17 Sep 2014 08:00am EDT 

Cisco Systems Inc:Intent to acquire privately held Metacloud.Upon completion of the acquisition, Metacloud employees will join Cisco's Cloud Infrastructure and Managed Services organization.Acquisition of Metacloud is expected to be complete in the first quarter of fiscal year 2015.  Full Article

Red Hat and Cisco expands partnership
Thursday, 4 Sep 2014 10:30am EDT 

Red Hat and Cisco:Says new integrated infrastructure solution for OpenStack-based cloud deployments.In addition, companies expands their relationship, accelerating collaboration around OpenStack, Application Centric Infrastructure and Intercloud.Working together to provide fully supported, certified platforms that deliver open source innovation and optimized functionality.Companies intend to collaborate to deliver validated architectures, a growing third-party ISV and IHV ecosystem, governance across clouds, and advanced services for lifecycle management of cloud solutions.  Full Article

Cisco Systems Inc declares quarterly cash dividend
Tuesday, 26 Aug 2014 07:15pm EDT 

Cisco Systems Inc:Says that it has declared a quarterly dividend of $0.19 per common share.Says dividend to be paid on Oct. 22, 2014.Says payable to all shareholders of record as of the close of business on Oct. 2, 2014.Cisco's previous quarterly dividend of $0.19 per common share was paid on July 23, 2014.  Full Article

Cisco Systems Inc gives Q1 2015 guidance in line with analysts' estimates; gives Q1 2015 charge guidance; announces restructuring action in FY 2015 - conference call
Wednesday, 13 Aug 2014 04:30pm EDT 

Cisco Systems Inc:Sees Q1 2015 revenue to be flat to up 1 pct. Year over year.Sees Q1 2015 non-GAAP EPS to be $0.51 - $0.53.Sees Q1 2015 GAAP earnings to be lower than non-GAAP EPS by $0.14 to $0.18 per share.Says that it will recognize pretax charges to GAAP financial results of up to $700 million.Says that it expect about $250 million to $350 million of these charges will be recognized during Q1 2015, remaining amount recognized during the rest of the fiscal year.Also announces restructuring action in FY 2015 that will be focused on continuing to invest in growth, innovation, and talent while managing costs and driving efficiencies.Says these actions will impact up to 6,000 employees, representing about 8 pct. of the company's global workforce.Reported revenue of $12.085 bln in Q1 2014.Q1 2015 revenues estimates of $12.106 bln - Thomson Reuters I/B/E/S.Q1 2015 EPS estimates of $0.53 - Thomson Reuters I/B/E/S.  Full Article

Cisco Systems completes acquisition of Tail-f Systems
Wednesday, 9 Jul 2014 08:00am EDT 

Cisco Systems Inc:Completes the acquisition of privately held Tail-f Systems.Tail-f's products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices.  Full Article

Cisco Systems inc declares quarterly cash dividend
Friday, 20 Jun 2014 06:08pm EDT 

Cisco Systems Inc:Declares quarterly dividend of $0.19 per common share to be paid on July 23, 2014 to all shareholders of record as of close of business on July 7, 2014.  Full Article

EMC to buy much of Cisco's stake in joint venture VCE

- Data storage products maker EMC Corp said it will buy much of Cisco System Inc's stake in their joint venture VCE for an undisclosed sum.

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