Key Developments: Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

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19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Cisco Systems Inc announces offering of senior unsecured notes
Monday, 24 Feb 2014 08:57am EST 

Cisco Systems Inc:Intends to offer senior notes under an automatic shelf registration statement on file with the Securities and Exchange Commission.Actual terms of the notes, including interest rate, principal amount and maturity will depend on market conditions at the time of pricing.Use net proceeds from this offering for general corporate purposes, including to repay senior unsecured notes.To return capital to shareholders pursuant to its previously-announced capital allocation strategy through the repurchase of shares of its common stock and the payment of cash dividends.Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., HSBC Securities (USA) Inc.Wells Fargo Securities, LLC are acting as joint book-running managers.  Full Article

AT&T, Cisco Systems Inc and Accuris Networks deliver automatic carrier-grade wi-fi for visitors to mobile world congress
Monday, 17 Feb 2014 08:00am EST 

Cisco Systems Inc:Says AT&T, Cisco and Accuris Networks are collaborating with several global mobile operators, including Bell Mobility, China Mobile, Korea Telecom, MEO, Mobily, NTT DOCOMO, PCCW-HKT, SK Telecom, and True to provide a Next-Generation Wi-Fi Hotspot network at the conference.Cisco provided the Wi-Fi network, made up entirely of the latest Wi-Fi CERTIFIED Passpoint access points and controllers, based on the Hotspot 2.0 specification.Says AT&T Mobility worked with its roaming partners worldwide, including the participating mobile operators, to add Wi-Fi roaming to their roaming agreements.  Full Article

Cisco Systems Inc issues Q3 2014 guidance; revenue guidance above analysts' estimates; issues FY 2014 EPS guidance in line with analysts' estimates-conference call
Wednesday, 12 Feb 2014 09:30pm EST 

Cisco Systems Inc:Expects Q3 2014 revenue to decline in the range of down 6 pct to down 8 pct year over year.Expects Q3 2014 non-GAAP EPS to be in the range of $0.47-$0.49.Expects Q3 2014 GAAP EPS to be lower than non-GAAP EPS by about $0.10-$0.13.Expects FY 2014 non-GAAP EPS to a range from $1.95-$2.05.Expects FY 2014 GAAP earnings to be lower than non-GAAP EPS by about $0.56 to $0.62.Reported revenue of $12.216 bln in Q3 2013.Q3 2014 revenue of $11.356 bln and EPS of $0.48 - Thomson Reuters I/B/E/S.FY 2014 EPS of $1.99 - Thomson Reuters I/B/E/S.  Full Article

Cisco Systems Inc increases quarterly cash dividend
Wednesday, 12 Feb 2014 04:05pm EST 

Cisco Systems Inc:DECLARES a quarterly dividend of $0.19 per common share, a two-cent increase over the previous quarter's dividend, to be paid on Apr. 23 to all shareholders of record as of the close of business on Apr. 3.  Full Article

Cisco Systems Inc and Samsung Electronics Co., Ltd enter into patent cross-license agreement
Wednesday, 5 Feb 2014 04:59pm EST 

Cisco Systems Inc:Says the company and Samsung Electronics Co., Ltd have entered into a patent cross-license agreement, effective immediately.Says both companies gain access to each other's patent portfolios under the agreement, which covers a broad range of products and technologies.The mutually beneficial agreement covers the two companies' existing patents as well as those filed over the next 10 years.Says this type of patent agreement reduces the risk of potential litigation and instead puts the focus on innovation for future products and services.  Full Article

Kudelski SA and Cisco Systems Inc enter sign patent license agreement
Tuesday, 4 Feb 2014 11:35am EST 

Kudelski SA:Announces a multi-year patent cross-license agreement with Cisco Systems Inc, under which the companies will license their respective patent portfolios to each other with certain restrictions.Says both parties have resolved all pending litigation between the companies and Cisco will pay Kudelski Group an up front, lump sum payment.  Full Article

Google Inc and Cisco Systems Inc enter into patent cross-licensing agreement
Tuesday, 4 Feb 2014 08:00am EST 

Google Inc and Cisco Systems Inc:Says they have entered into a long-term patent cross-licensing agreement covering a broad range of products and technologies.Says the agreement allows each company to extract value from its patent portfolio through a license to the other's portfolio and by helping to reduce the risk of future litigation.  Full Article

Cisco Systems Inc gives Q2, FY 2014 EPS guidance below analysts' estimates - Conference Call
Monday, 13 Jan 2014 04:30pm EST 

Cisco Systems Inc:Sees Q2 2014 non-GAAP earning per share (EPS) to range from $0.45 to $0.47.Sees FY 2014 non-GAAP earnings per share (EPS) to range from $1.95 to $2.05.Q2 2014 EPS of $0.52 - Thomson Reuters I/B/E/S Estimates.FY 2014 EPS of $2.10 - Thomson Reuters I/B/E/S Estimates.  Full Article

Cisco Systems Inc declares quarterly cash dividend
Tuesday, 17 Dec 2013 04:15pm EST 

Cisco Systems Inc:Declares a quarterly dividend of $0.17 per common share to be paid on Jan. 22, 2014, to all shareholders of record as of the close of business on Jan. 6, 2014.  Full Article

Cisco Systems Inc cuts long-term revenue growth target - Reuters
Thursday, 12 Dec 2013 11:29am EST 

Cisco Systems Inc:Cisco Systems Inc on Dec 12 cut its longer-term revenue growth target to a range of 3 percent to 6 percent per year from its previous range of 5 percent to 7 percent - Reuters.Chief Financial Officer Frank Calderoni cited macro-economic pressure in emerging markets, conservative customer budgets and service provider market dynamics for the change.FY 2014 revenue of $46.43 billion - Thomson Reuters I/B/E/S Estimates.FY 2015 revenue of $48.34 billion - Thomson Reuters I/B/E/S Estimates.FY 2016 revenue of $52.39 billion - Thomson Reuters I/B/E/S Estimates.  Full Article

For U.S. tech firms, China entices in spite of tight state control

TIANJIN CHINA - The sheer size of the Chinese market is so alluring to Western companies that even pro-internet freedom firms like CloudFlare may have to put moral outrage to the side in their pursuit of new business.

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