We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,470 News Articles

Cisco's big comeback

Just a year ago, Cisco's stock was taking a beating after the sales failed to meet Wall Street expectations.The company wasn't exactly reeling, but CEO John Chambers knew something had to be done to right the ship.  

Cisco laid off 6,500 workers, got rid of its Flip consumer video business and sold a set-top factory in Mexico. The moves all have worked, as Cisco's bottom line has turned around with the first indicator being the second quarter results: $1 billion in expenses eliminated. But cutting expenses and eliminating some products is only part of the story. Cisco streamlined its management structure and focused on core product areas.

Chambers summed it up like this: "It has been a pretty traumatic 18 months, but we have reinvented ourselves."


IDG UK Sites

Sony PlayStation 5 release date, price and specs UK: When is the PS5 coming out?

IDG UK Sites

New Apple TV release date rumours, features: 'new Apple TV next week' rumour

IDG UK Sites

Mobile email is powerful and useful - but also hopelessly intrusive

IDG UK Sites

How the Oculus Rift VR headset is helping train the surgeons of tomorrow