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November 19, 2007 - Cisco boosts stock buyback by $10 billion

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November 19, 2007
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  • Cisco boosts stock buyback by $10 billion
    Cisco Systems indicated Friday that it still believed its shares were undervalued by increasing a stock buyback plan by $10 billion. The company has bought back 2.3 billion shares for a total of $46.2 billion and has now authorized buybacks valued at $62 billion in an effort to boost the worth of remaining investors' stakes, counter the effect of employees' exercising stock options, and protect its financial image. Google/Associated Press (11/17)
  Business & Industry Watch 
 
  • India's Wipro upbeat despite Qualcomm order issues
    An official at computer-services provider Wipro denied today any concerns about order cuts from Qualcomm after analysts last week warned that a profit warning at the mobile-phone chip maker could have fallout for the Indian company. In an interview, Wipro's Ramesh Emani provided no other details about the company's situation. Bloomberg (11/19)
  • Other News
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Top five news stories selected by USTelecom dailyLead readers in the past week.

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Henkels & McCoy NetWorks, formerly the Network Systems and Solutions Division, is now "open for business" at its new head­quarters in Plymouth Meeting, Pennsylvania.

Download our PDF to learn more! Infrastructure for the New Century.
  Technology Trends 
 
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  IP Download 
The Buzz(CORPORATE ANNOUNCEMENTS)

Mid-Band Ethernet is one of the fastest growing segments in the telecommunications market today. Visit www.hatterasnetworks.com to get expert insight from top industry analysts to learn what the key business drivers and market opportunities are that are making Mid-Band Ethernet so popular with business customers today.

IDC weighs in on what Juniper Networks can do for your network
Identifying the Juniper Networks T1600 as "the industry's highest capacity service-aware core router," IDC also talks about the "scaling, performance and migration ease" of Juniper's new core router in this Event Flash. Click here to read what IDC says and what the T1600 can do for your network!

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  Editor's Note 
  • Poll: What will be the biggest growth area for advanced services in 2008?
    USTelecom Year-End Report, to be published Dec. 11 and 13, will include an industry roundup, the most important stories of the year and your favorite LeadQuotes. Make sure to look for the results of this poll in Part 2 on Dec. 13.
Delivering higher speeds to consumers.
Expansion into rural areas.
Offering video to compete for existing customers.

  LeadQuote 
A good vacation is over when you begin to yearn for your work."
--Morris Fishbein,
physician, editor and writer


  
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