Thursday, December 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
North Korea Linked To Recent Sony Hacking
Sony Global Education Established
CEA and Japan Audio Society to Jointly Promote Hi-Res Audio
Intel, IBM Follow Different Strategies On 14nm FinFET
Toshiba Announces 6TB Enterprise Capacity HDD Models
WebOS 2.0 Smart TV Platfom To Debut At CES
ICANN Targeted in Phishing Attack
BlackBerry Classic Makes Official Debut
Active Discussions
Windows xp
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > Cisco R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 13, 2011
Cisco Restructures Consumer Business


As part of the company's plan to align its operations, Cisco today announced that it will exit aspects of its consumer businesses and realign the remaining consumer business to support four of its five key company priorities ? core routing, switching and services; collaboration; architectures; and video.

As part of its plan, Cisco will:

- Close down its Flip business and support current FlipShare customers and partners with a transition plan.

- Refocus Cisco's Home Networking business for greater profitability and connection to the company's core networking infrastructure as the network expands into a video platform in the home. These products will continue to be available through retail channels.

- Integrate Cisco umi into the company's Business TelePresence product line and operate through an enterprise and service provider go-to-market model, consistent with existing business TelePresence efforts.

- Assess core video technology integration of Cisco's Eos media solutions business or other market opportunities for this business.

"We are making key, targeted moves as we align operations in support of our network-centric platform strategy," said John Chambers, Cisco chairman and CEO. "As we move forward, our consumer efforts will focus on how we help our enterprise and service provider customers optimize and expand their offerings for consumers, and help ensure the network's ability to deliver on those offerings."

In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011. The charges will be disclosed in upcoming earnings conference calls and quarterly Form 10-Q filings. Additionally, the company expects this will result in a reduction of approximately 550 employees in the fourth quarter of fiscal 2011.


Previous
Next
Evernote Now With Facebook, Twitter and Notebook Sharing        All News        AMD Chipsets Integrating USB 3.0 Coming Soon
Evernote Now With Facebook, Twitter and Notebook Sharing     General Computing News      Microsoft Previews Internet Explorer 10

Get RSS feed Easy Print E-Mail this Message

Related News
Cisco Wants To Analyze Everything
Toshiba and Cisco To Collaborate In Internet of Things Solutions
Video To Consume Most Internet Traffic In The Near Future
Cisco To Invest $150 million To Start-ups
Cisco Network Equipment To Support The OpFlex Protocol
Cisco Makes Gigabit Wi-Fi More Affordable
Cisco To Spend $1 billion On Cloud Computing Service
Cisco Reaches Agreement With Innovatio
Cisco and Samsung Enter Patent Cross-License Agreement
Cisco Forecast Nearly 11-Fold Increase in Global Mobile Data Traffic from 2013 to 2018
Google And Cisco Sign Licensing Deal
Cisco Fog Computing Adds More Power To Connected Devices

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .