Breaking News

Viltrox Announces AF 15mm F1.7 Air MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case COLORFUL Launches Rimbook Series Laptops Circular Smart Rings Offer Early Detection of Sickness Symptoms

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Cisco Restructures Consumer Business

Cisco Restructures Consumer Business

Enterprise & IT Apr 13,2011 0

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.

Tags: cisco
Previous Post
Evernote Now With Facebook, Twitter and Notebook Sharing
Next Post
AMD Chipsets Integrating USB 3.0 Coming Soon

Related Posts

  • Cisco Announces $2.5B in Financing to Support Business Resiliency

  • Cisco Hopes to Simplify Security With New Cloud-Native Platform, SecureX

  • AMD President and CEO Lisa Su Joins Cisco's Board of Directors

  • Cisco Unveils Plan for Building Internet for the Next Decade

  • Cisco Gets Into Photonics With $2.6B Acacia Acquisition

  • Cisco Announces new Wi-Fi 6 Solutions

  • Cisco at MWC Barcelona

  • Cisco Sees More IP Traffic in the Next Five Years Than in the History of the Internet

Latest News

Viltrox Announces AF 15mm F1.7 Air
Cameras

Viltrox Announces AF 15mm F1.7 Air

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop
Consumer Electronics

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case
Cooling Systems

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case

COLORFUL Launches Rimbook Series Laptops
Enterprise & IT

COLORFUL Launches Rimbook Series Laptops

Circular Smart Rings Offer Early Detection of Sickness Symptoms
Consumer Electronics

Circular Smart Rings Offer Early Detection of Sickness Symptoms

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed