The increase was the result of a rise in Chambers' stock and option awards and his cash bonus, the Wall Street Journal said Saturday, citing Cisco's initial proxy statement.
The stock and options were valued at $13.9 million, up from $6.7 million in fiscal 2009, and Chambers' salary rose 1.9 percent from last year, to $382,212. The CEO also bagged a $4.6 … Read more
Cisco Systems on Thursday said it intends to acquire wireless sensor maker Arch Rock, a move that beefs up Cisco's smart-grid and data center businesses.
San Francisco-based Arch Rock makes a system for collecting information from mesh networks of IP-based wireless sensors, routers, and servers. Its sensors are placed in data centers and buildings to monitor heat and other environmental conditions to optimize cooling and improve the overall energy efficiency.
Financial terms of the acquisition were not disclosed.
Networking giant Cisco Systems announced Tuesday a deal with meter maker Itron to advance Internet Protocol-based communications for the power grid.
The two companies will create a reference design for using the IPv6 networking protocol to connect everything from people's homes to power distribution equipment on the grid. That reference design will form the basis for gear installed in smart meters, sensors, and computing systems inside utilities, Cisco executives said.
As part of the deal, Itron will license and embed Cisco's IP technology in its meters and distribute Cisco hardware as part Itron's smart-grid deployments.
Right now, … Read more
The companies complement each other so well, it seems as though they'd be a match made in heaven. In fact, I'd argue they are much more compatible than Skype and eBay ever were. eBay acquired Skype in 2006 for $2.6 billion.
Apparently, I am not the only one who thinks that Cisco and Skype should get hitched. Cisco has reportedly already made a bid for the company, according to TechCrunch. The two companies are keeping mum on the rumors. … Read more
Cisco Systems may be making a play for Internet phone service Skype, according to a TechCrunch report.
The blog cited an unnamed source who claims that Cisco has made an offer to acquire Skype before the company completes its initial public offering. Skype filed for an IPO with the U.S. Securities and Exchange Commission earlier this month.
TechCrunch admited that it wasn't able to confirm the rumor, which might indicate that its source is not directly related to the talks. It also mentioned that Google had been interested in buying Skype but is not planning to make an … Read more
Cisco Systems said Thursday that it will acquire ExtendMedia, which makes video content management systems, for an undisclosed sum.
According to the company, ExtendMedia, a privately held outfit based in Newton, Mass., will allow Cisco to deliver and monetize IP video via multiple screens.
ExtendMedia's software will be part of Cisco's next-generation video architecture, intended to let Cisco manage the video content lifecycle for service providers.
Read more of "Cisco buys ExtendMedia in IP video play" at ZDNet's Between the Lines.
It's not just the TV makers that have a vested interest in pushing video's transformation to 3D TV and beyond. Companies that supply and enable the technology are just as eager to see the next generation of video take hold as the TV makers looking to sell you another big screen.
"Video is today's voice-on-an-IP network," said John Chambers, CEO of Cisco Systems, the largest supplier in the world of IP networking equipment.
I spoke to Chambers this week as he visited the Meadowlands sports stadium outside of New York City, which is the latest … Read more
EAST RUTHERFORD, N.J.--What will the sports stadium of the future look like?
Just ask Cisco and Verizon Communications, the two companies that helped build the technology in the new Meadlowlands Stadium here, which is home to the NFL's New York Jets and Giants NFL teams.
The 82,500-seat stadium, which cost about $1.6 billion to build, has about $100 million worth of technology invested in it to bring fans the ultimate football experience. It's equipped with four massive high-definition video display scoreboards. And there are more than 2,200 HD video screens mounted throughout the … Read more
Cisco Systems fell slightly short of revenue expectations for the fourth quarter of fiscal year 2010, as the uncertain economy caused a hiccup in sales.
For the quarter, which ended July 31, Cisco posted a profit of $1.94 billion, or 33 cents a share, up from $1.08 billion, or 19 cents a share, during the same quarter a year ago.
Excluding stock compensation costs and other items, earnings were 43 cents, up from 31 cents in the year-ago quarter.
Revenue was $10.84 billion for the quarter, up 27 percent from a year ago. And it was in … Read more