News: Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

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2 Sep 2014
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Thu, Aug 14 2014

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Cisco to take $700 million in restructuring charges for layoffs

- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.

Cisco to cut another 6,000 jobs as forecast falls flat

- Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers.

Cisco to take $700 million in restructuring charges in 2015

- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs.

UPDATE 2-Cisco to take $700 mln in restructuring charges for layoffs

(Adds analyst quote, background on CEO and on company history)

US STOCKS-Wall St edges up after Putin comments, Cisco falls

* Dow up 0.1 pct, S&P and Nasdaq up 0.2 pct (Updates to market open)

US STOCKS-Futures point to flat open after recent rally

* Dow down 2 pts, S&P down 0.5 pt, Nasdaq up 1.25 pt (Updates prices, adds economic data and Putin comments)

US STOCKS-Futures tick up ahead of jobless claims data

NEW YORK, Aug 14 - U.S. stock index futures edged higher on Thursday, with investors reluctant to make big bets following a sharp rally in the previous session and amid signs of weak conditions in Europe.

Cisco to take $700 mln in restructuring charges in 2015

Aug 14 - Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs.

Cisco to cut another 6,000 jobs as forecast falls flat

- Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers.

UPDATE 3-Cisco to cut another 6,000 jobs as forecast falls flat

(Adds global sector revenue breakdown, quote from CEO and analyst)

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