Bureau Chief, Helsinki
Ritsuko's Feed
Jan 14, 2010

Worldwide PC shipments surge in Q4

NEW YORK/SAN FRANCISCO, Jan 13 (Reuters) – Global shipments
of personal computers surged in the fourth quarter, helped by
strong U.S. holiday sales of low-cost notebooks.

The results capped a roller coaster year for the PC market,
which started off badly but showed steady improvement and
managed to post growth over 2008.

Jan 12, 2010

Cisco restructures with focus on China

NEW YORK (Reuters) – U.S. network equipment maker Cisco Systems Inc <CSCO.O> is restructuring its management in Asia to create a new segment for China, in a nod to the region’s increasing importance.

Cisco said China, Hong Kong and Taiwan, formerly part of its Asia Pacific operations, would become a separate “Greater China Theater”, effective February.

Jan 6, 2010

Cisco bringing high-end videoconferencing to homes

NEW YORK/LAS VEGAS (Reuters) – Network equipment maker Cisco Systems Inc plans to begin selling later this year a long-awaited, affordable home version of its TelePresence videoconferencing system for corporations.

Cisco said it would team up with phone and Internet service provider Verizon Communications Inc to install the system in U.S. homes. Field trials begin this spring, it said.

Dec 18, 2009

Avaya sees Nortel deal helping private equity exit

NEW YORK (Reuters) – The head of network equipment maker Avaya Inc <AVXX.UL> said its purchase of some Nortel Networks Corp <NRTLQ.PK> assets will boost market share and help a potential initial public offering or some other type of exit by its private equity owners.

Avaya, bought by Silver Lake and TPG Capital in 2007, on Friday closed its acquisition of Nortel’s corporate networks unit. It paid $900 million for the business and $15 million for employee retention.

Dec 18, 2009

Accenture gives weaker-than-expected sales outlook

NEW YORK (Reuters) – Technology outsourcing and consulting company Accenture Plc <ACN.N> reported a fall in first-quarter earnings and gave a sales outlook for the current quarter that was weaker than analysts’ expectations.

The company also saw no economic impact from rebranding after terminating its sponsorship arrangement with golfer Tiger Woods, who has admitted to infidelity in his marriage.

Dec 9, 2009

Cisco’s strategy chief emerges as CEO contender

SAN JOSE, Dec 9 (Reuters) – When Ned Hooper joined Cisco
Systems Inc <CSCO.O> after the company he worked for was bought
by the U.S. network equipment giant, he didn’t think he would
stay beyond an initial two-year commitment.

Not only did Hooper stay for 12 years, he also rose through
the ranks to become Cisco’s chief strategy officer and a top
contender to succeed Chief Executive John Chambers.

Dec 9, 2009

Cisco targets 12-17 pct growth on firmer economy, M&A

SAN JOSE (Reuters) – Cisco Systems Inc’s <CSCO.O> CEO John Chambers reaffirmed the network equipment maker’s long-term target of 12-17 percent annual revenue growth, citing an economic recovery and expansion into new markets.

Cisco has fallen short of such growth rates in the past year as customers cut back on technology spending, but Chambers, at a financial analyst conference, said conditions had improved in recent quarters.

Dec 8, 2009

Cisco targets 12-17 pct growth on firmer economy

SAN JOSE (Reuters) – Cisco Systems Inc <CSCO.O> Chief Executive John Chambers reiterated the company’s long-term target of 12 percent to 17 percent annual revenue growth, citing an economic recovery and expansion into new markets.

The top network equipment maker has fallen short of such growth rates in the past year as customers cut back on technology spending, but Chambers, at a financial analyst conference, said conditions had improved in recent quarters.

Dec 4, 2009

Cisco set to defend growth target, M&A strategy

NEW YORK (Reuters) – Cisco Systems Inc <CSCO.O> is expected next week to say it can return to double-digit sales growth due to a stronger economy and expansion in high-growth businesses, including the acquisition of videoconference leader Tandberg <TAA.OL>.

Analysts attending Cisco’s financial analyst meeting on Tuesday also look to the company to address concerns that its expansion into consumer products and increasing rivalry with Hewlett-Packard Co <HPQ.N> could dent profit margins.

Dec 4, 2009

Cisco learns lesson as it finally snares Tandberg

LONDON/NEW YORK (Reuters) – Cisco Systems Inc’s <CSCO.O> veteran dealmakers may have learnt some new lessons from their drawn-out pursuit of Norway’s Tandberg ASA <TAA.OL>, the video conferencing leader.

Cisco could be more careful about talking up the benefits of future deals, and thus making it hard to be firm on price.