Cisco Systems rose as much as 13% in late trading after profit and sales beat analysts' estimates, the first time in six quarters that the shares gained after results.

Cisco Systems, the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14% of its workforce, to revive profit growth, according to two people familiar with the plans.

The number of internet connected devices is set to explode in the next four years to over 15 billion - twice the world's population by 2015. Cisco predicts the proliferation of tablets, mobile phones, connected appliances and other smart machines will drive this growth.

Cisco Systems is expected to cut thousands of jobs in possibly its worst-ever round of layoffs to meet CEO John Chambers' goal of slashing costs by US$1 billion, according to analysts.

Cisco is shutting down the consumer-oriented Flip camera business that it bought for US$590 million in 2009. The move will mean the loss of 550 jobs worldwide, cost Cisco US$300 million - and disappoint thousands of users who had enjoyed the devices' simplicity.

What Intel CEO Paul Otellini said would rejuvenate his company, Cisco CEO John Chambers thinks could kill everything in its path.

Tilera, among the first in a growing number of processor makers looking to manufacture non-x86 chips for servers in cloud computing and other high-performance environments, is getting more support from a number of capital venture companies and tech vendors like Cisco Systems and Samsung.

If true, this would be one very big acquisition.

The chat service is tapping Cisco and ShoreTel to help it sell telecom to big business.

GSI Technology is growing fast by selling specialty memory chips, but the small company wants to grow to the next level.

Cisco announcedthat in 2011 it will be launching an Android-based tablet, named the Cius, aimed squarely at the business market.

The total number of employees in India is projected to rise to 10,000 from about 6,000 currently, Cisco CEO John Chambers said at a conference in New Delhi today, without specifying a timeframe for the expansion.

Cisco Systems has continued trimming its workforce at its San Jose, CA, headquarters. Sources close to the company say between 600 and 700 employees (about 1% of global workforce) at the networking giant received layoff notices.

Chief executives from 28 large corporations, including Google, Cisco, Research in Motion (RIM) and Intel, sent President Barack Obama a letter on Mar. 25, urging him to support the Patent Reform Act of 2009. The problem, they say: Litigation costs and patent infringement damages are stifling innovation.

Cisco Systems is ready to pick up the pace of mergers and acquisitions over the next year after the valuations of technology companies slumped.

The global economic downturn will continue to hammer computer networking giant Cisco Systems, chief executive John Chambers said Wednesday. In its current quarter, Cisco expects to see revenue decline between 15% and 20%.

Cisco Systems doesn't have any layoffs planned at this point, according to chairman and chief executive John Chambers. The networking titan has previously said it would halt hiring new workers as it looks to shave its operating expenses.