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Cisco layoffs inspire downgrade

Cisco layoffs inspire downgrade

Cisco's layoffs were the least of its worries. News that the networking equipment maker will cut jobs was taken as a sign that things are much worse than anyone had expected--in the U.

March 11, 2001 by in Cisco

Redback subject of buyout rumors

Redback subject of buyout rumors

Broadband equipment maker Redback Networks is the subject of acquisition rumors, fueled by a battered stock and concerns about its future as an independent company amid an industrywide slowdown. Redback's (rbak) stock, at one time trading at nearly $200 in the past year, has fallen more than 75 percent.

February 28, 2001 by in Cisco

Tellabs again lowers estimates

Tellabs again lowers estimates

Tellabs slashed its first-quarter targets for the second time, joining the long list of telecom equipment makers warning of slower-than-expected sales.The company now expects revenue to be more than $100 million less than it originally projected.

April 5, 2001 by in Cisco

Integrated Silicon slides on warning

Integrated Silicon slides on warning

Integrated Silicon Solution joined the warnings parade and said it that it will miss revenue and earnings for the second quarter. Integrated Silicon Solution shares were off 7 percent, or down 93 cents to $11.

March 12, 2001 by in Cisco