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.
Just two years ago, Cisco acquired a fiber-optic switch as part of its purchase of Monterey Networks--only to find out that it's not working out.
Sophisticated hacking group taps wide set of vulnerabilities as part of their global hacking spree.
A round of upgrades for the chip sector and soaring Cisco shares helped boost the Nasdaq more than 3 percent at midday. The index rose 59.
In March, bad news hit the IT industry. Many big name businesses cut jobs.
WASHINGTON--President Bush will welcome executives from Cisco Systems and other top companies Wednesday to talk tech. Bush held two similar events earlier this year, one at the Texas Governors' mansion, and later a smaller event at the White House.
Bargain hunters gobbled up beaten down technology stocks Thursday as the Nasdaq composite shot up 122 points to 3,777.89.
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.
Naysayers predicting the worst for U.S. stocks were scratching their heads Monday as investors aggressively snapped up beaten-down technology stocks in a broad-based rally.
Cisco has announced the release of its new high-end carrier routing system CRS-1 today coinciding with the company's 20th birthday.According to Cisco, the unit is capable of being clustered through a switch fabric chassis to reach a routing capacity of 92 terabits per second.
