Cisco Systems Inc and Huawei Technologies Co, two of the world's largest communications equipment makers, have been slugging it out for a decade now - in court, in emerging markets, in the lobbies of government and even on blogs.
The past year suggests they've ground to an expensive stalemate, raising questions about their futures on each other's lucrative home turf.
Earlier this month Cisco (San Jose, CA, USA) CEO John Chambers admitted in an earnings call that political dynamics were stymieing his company's long march into Huawei's backyard.
Network equipment maker Juniper Networks says Barclays executive Shaygan Kheradpir will take over from Kevin Johnson as chief executive at the start of 2014.
Johnson had announced plans to retire in July, having led the company since 2008, when he joined from software giant Microsoft (Seattle, WA, USA).
Kheradpir is currently chief operations and technology officer at financial services provider Barclays (London, UK), and before that he worked as executive vice president and chief information and technology officer at Verizon Communications (New York City, NY, USA).
Network equipment maker Juniper Networks has flagged a nearly six-fold increase in profits for the three months ending September on signs of improving demand for its products.
The company – which competes against Cisco in the market for internet routers and switches – said net income for its third quarter rose to $99.1 million, from just $16.8 million in the same period last year, with revenues up by 6%, to $1.19 billion.
Hardware giant Cisco has taken the wraps off a new network processor designed to power so-called “Internet of Everything” applications.
The company said the new nPower X1 would deliver new levels of performance and bandwidth, besides programmable control through open APIs.
Cisco (San Jose, CA, USA) also claims the nPower X1 is the first processor capable of scaling to “multi-terabit performance levels” while also handling trillions of transactions.
Cisco Systems Inc on Tuesday announced its first foray into the data storage market, saying it would pay $415 million to acquire privately held storage system maker Whiptail.
Cisco (San Jose, CA, USA) said it will pay cash and incentives for the acquisition, expected to close in the first quarter of 2014.
Whiptail, founded in 2008 and based in Whippany, New Jersey, makes storage systems based on flash memory chips, which allow data to move through servers with greater speed and efficiency as well as higher volume.
Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas in the face of uncertain demand for its networking equipment.
Shares of the world's biggest network equipment maker fell more than 9 percent after hours, their biggest drop in more than a year if reflected on Nasdaq on Thursday.
Advanced technologies company iTalk says its inaugural M2M router will hit the market by mid-August.
The company announced a strategic business expansion into the M2M sector just over a month ago and has now backed up the plan by providing details of its first M2M router.
iTalk (Lauderdale, FL, USA) says the new router will initially target the automated teller machine and point of sale industries, allowing companies to replace “antiquated manual or wireline transactions” with “faster, more reliable and more affordable wireless data networks.
Cisco Systems Inc said on Tuesday it plans to purchase cybersecurity company Sourcefire Inc for $2.7 billion, a deal that analysts say should spark more acquisitions in the industry as large vendors seek to profit from growing demand for IT security.
Cisco (San Jose, CA, USA), which has been seeking targets to boost its network security business, said it will pay $76 per share in cash for Sourcefire (Columbia, MD, USA), a premium of 28.6 percent over its closing price on Monday of $59.08.
Hardware maker CradlePoint has released a new router designed specifically to support M2M services running over LTE networks.
The CradlePoint (Boise, ID, USA) COR IBR600 4G is advertised as being flexible and robust and, therefore, suited to critical enterprise applications requiring always-on, around-the-clock connectivity.
CradlePoint says it is designed to support high-bandwidth applications used across a number of industries, including the energy, retail, finance, security and transport sectors.
Cisco Systems Inc predicts that a new product it unveiled on Wednesday will increase its cumulative revenue from core routers, which direct Internet data traffic, by 25 percent - to $10 billion - within the next two years.
The leading network equipment maker expects to cash in on ever increasing demand for Internet services with its new CRS-X router, its third in the CRS product series.