Key Developments: Cisco Systems Inc (CSCO.OQ)

CSCO.OQ on NASDAQ Stock Exchange Global Select Market

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27 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Technicolor to acquire Cisco connected devices division
Thursday, 23 Jul 2015 12:30am EDT 

Technicolor SA:To acquire Cisco Systems Inc connected devices division.Transaction value is 550 million euros in a cash and stock transaction.Cisco will receive approximately 413 million euros in cash and approximately 137 million euros in newly issued Technicolor shares.Acquisition should result in Technicolor's connected home segment reaching adjusted EBITDA in excess of 200 million euros by year-end 2016.Acquisition should lead Technicolor's connected home segment to increased profitability (i.e.8-9% adjusted EBITDA margin) by 2017.  Full Article

Cisco Systems Inc intent to acquire Opendns
Tuesday, 30 Jun 2015 08:00am EDT 

Cisco Systems Inc:Announces intent to acquire Opendns.Says will pay $635 million in cash and assumed equity awards.Says opendns team will join the Cisco security business group organization led by david goeckeler.Deal includes retention based incentives for opendns.Acquisition to boost cisco's security everywhere approach by adding broad visibility and threat intelligence.  Full Article

Schneider Electric and Cisco partner to build resilient control system networks
Tuesday, 30 Jun 2015 04:00am EDT 

Schneider Electric SE:Schneider Electric and Cisco partner to build resilient control system networks.  Full Article

BlackBerry and Cisco sign patent cross-licensing agreement
Tuesday, 23 Jun 2015 07:31am EDT 

BlackBerry Ltd and Cisco Systems Inc:Blackberry and Cisco sign broad patent cross-licensing agreement.Says specific terms of the deal are confidential.BlackBerry will receive a license fee from Cisco. specific terms of the deal are confidential.Says as part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco.Says intend to further collaborate with Cisco under the agreement.  Full Article

Cisco Systems Inc prices $5 billion of senior unsecured notes
Wednesday, 10 Jun 2015 08:00pm EDT 

Cisco Systems Inc:Says pricing of five series of senior unsecured notes for an aggregate principal amount of $5 billion.Says offering is expected to close on June 17.Says that of these notes, $900 million will mature in June 2018 and will bear interest at a floating rate equal to three-month LIBOR plus 31 basis points, $1.6 billion will mature in June 2018 and will bear interest at an annual rate of 1.650 pct.$1.5 billion will mature in June 2020 and will bear interest at an annual rate of 2.450 pct., $500 million will mature in June 2022 and will bear interest at an annual rate of 3.000 pct. and $500 million will mature in June 2025 and will bear interest at an annual rate of 3.500 pct.Intends to use the net proceeds from this offering for general corporate purposes, including to return capital to shareholders pursuant to its previously-announced capital allocation strategy through repurchase of shares of its common stock and payment of cash dividends.  Full Article

Cisco announces offering of senior unsecured notes
Wednesday, 10 Jun 2015 08:32am EDT 

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.Intends to use the net proceeds from this offering for general corporate purposes, including 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.Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers.  Full Article

Cisco declares quarterly cash dividend
Thursday, 28 May 2015 04:30pm EDT 

Cisco System Inc:Declared a quarterly dividend of $0.21 per common share to be paid on July 22 to all shareholders of record as of the close of business on July 6.  Full Article

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

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France's Technicolor to buy Cisco's set-top box business

PARIS - French media and entertainment technology group Technicolor will buy Cisco System's home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high.

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