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By Jamie Smith Hopkins, The Baltimore Sun | July 28, 2013
Who would have guessed 15 years ago that Martin Roesch's free computer network-security program would turn into a $2.7 billion deal? Roesch used the no-cost software he developed in 1998 - called Snort because it sniffs out trouble - as the foundation for Columbia cybersecurity firm Sourcefire Inc. On Tuesday, the company announced that it had agreed to sell itself to tech giant Cisco Systems Inc. The price speaks to the business potential in...
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | July 28, 2013
Who would have guessed 15 years ago that Martin Roesch's free computer network-security program would turn into a $2.7 billion deal? Roesch used the no-cost software he developed in 1998 - called Snort because it sniffs out trouble - as the foundation for Columbia cybersecurity firm Sourcefire Inc. On Tuesday, the company announced that it had agreed to sell itself to tech giant Cisco Systems Inc. The price speaks to the business potential in...
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NEWS
December 30, 1990
From: Marvin SandsChairmanCanandaigua Wine Co. Inc.Your newspaper recently published a column by Huntley J. Cross, director of the Anne Arundel County Drug and Alcohol Program, which included blatantly false and misleading information about our product, Cisco.Mr. Cross's article not only wrongly links the death of a California teen-ager to Cisco, it also claims our product is "known on the street as 'liquid crack.' "The coroner's report on the tragic death of a California teen-ager last August established the young man's blood alcohol content was 0.04 last -- less than half the legal minimum for intoxication in most states.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | July 23, 2013
A marquee name in the technology industry said Tuesday that it is buying Columbia-based Sourcefire - a homegrown player in the hot cybersecurity field - for $2.7 billion cash. Cisco Systems wants to bolster its security offerings with Sourcefire products, which protect the computers and networks of major businesses and government agencies. The Silicon Valley firm - eager to tap new talent and increase its footprint in the East Coast's major cyber hub - said Sourcefire's headquarters will remain in Columbia and it does not plan any job cuts.
NEWS
By Huntley J. Cross | January 6, 1991
I would very much appreciate the opportunity to respond to Marvin Sands, chairman, Canandaigua Wine Co. Inc., and his letter of Dec. 30.Let me begin by stating that I am in complete agreement with what Sands stated in the last paragraph of his letter: "We believe that public officials are responsible for providing correct, verified information to the public."I agree wholeheartedly with Sands because that is exactly what I did in regard to Cisco. I provided no blatantly false nor misleading information about the product Cisco.
NEWS
By Eileen Ambrose and Eileen Ambrose,SUN STAFF | May 9, 2002
Seizing on an unexpectedly good earnings report from Cisco Systems Inc. as a reason to jump back into the stock market yesterday, optimistic investors sent the Dow Jones industrial average soaring more than 300 points and the Nasdaq to the eighth-biggest percentage gain in its history. "It's sure nice to see it. We had a rough six weeks," said Andy Brooks, head of equity trading at T. Rowe Price Associates in Baltimore. "It's overdue." Even so, analysts said they weren't sure yesterday's rally would be sustainable.
BUSINESS
By BLOOMBERG NEWS | February 17, 2000
SAN JOSE, Calif. -- Cisco Systems Inc., the No. 1 maker of Internet equipment, agreed yesterday to buy closely held Growth Networks Inc. for about $355 million in stock to add semiconductors that accelerate data on computer networks. Growth Networks makes chips that help information flow through network switches and routers at faster speeds. The company, founded in 1998, is based in Mountain View, Calif. Its 53 employees will join Cisco's Public IP Carrier Systems Group. Growth Networks, which Cisco said has had no revenue so far, is a leader in the development of so-called Internet switching fabrics, a new area of networking silicon.
BUSINESS
By BLOOMBERG NEWS | June 26, 1999
MURRAY HILL, N.J. -- Lucent Technologies Inc., the world's No. 1 phone-equipment maker, said yesterday that it will buy Nexabit Networks Inc. for about $900 million in stock, getting the switches it needs to send data along the Internet at high speeds.Lucent will issue about 14 million shares for Nexabit, a closely held developer of so-called terabit routers, which are faster than existing routers from No. 1 Internet-equipment maker Cisco Systems Inc. The purchase is expected to close by July 31.Although Lucent also bought Cisco rival Ascend Communications Inc. this week for $25.2 billion, it still lacked a product to compete with Cisco's most profitable gear.
BUSINESS
By MarketWatch | December 21, 2006
LONDON -- Ericsson, the world's largest maker of mobile-phone networks, agreed yesterday to buy Redback Networks Inc. for $2.1 billion in cash to gain expertise in Internet protocol-routing technology and more directly challenge Cisco Systems Inc. Redback makes so-called "edge" routers that connect computers to the Internet and allow operators to simultaneously deliver broadband, television and telephone services over networks using standard Internet infrastructure....
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | August 29, 2000
Shares in Manugistics Group Inc., a seller of software that helps manufacturers manage their supply chains, soared 29 percent yesterday to a 52-week high after rumors circulated that the company had signed a deal with Cisco Systems Inc., the world's largest provider of computer networking products. Neither company would confirm that a deal has been signed, and analysts said that even if one were about to be announced, yesterday's share price spike - which bumped the company's market value up more than $600 million in a day - placed an exorbitant valuation on any new contract.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | March 25, 2007
I am uncertain about my Apple Inc. shares because, after some tremendous past increases, they seem to have slowed. I want to know if I should worry. - R.C., via the Internet What's in a name? There's plenty at this master seller of consumer technology: "Computer" has been dropped from its name to indicate its broader scope. It has resolved a dispute with Beatles' guardian Apple Corps Ltd. and is assured ownership of the Apple name and logo. A trademark agreement was reached so the "iPhone" name can be used by both Apple and Cisco Systems Inc. Apple's new product combining music and video-playing with wireless phone can therefore co-exist worldwide with the Cisco handset for Internet phone calls.
BUSINESS
By MarketWatch | December 21, 2006
LONDON -- Ericsson, the world's largest maker of mobile-phone networks, agreed yesterday to buy Redback Networks Inc. for $2.1 billion in cash to gain expertise in Internet protocol-routing technology and more directly challenge Cisco Systems Inc. Redback makes so-called "edge" routers that connect computers to the Internet and allow operators to simultaneously deliver broadband, television and telephone services over networks using standard Internet infrastructure....
BUSINESS
February 9, 2005
In The Region Under Armour chief, mayor to lead talks about job creation Local business and political leaders will hold a public discussion tomorrow evening about jobs and the economy, part of a series of town-hall meetings around the country seeking to start a public conversation about the role of government and the private sector in creating employment. "American Jobs: A National Conversation" is sponsored by the Council for Excellence in Government and the Global Markets Institute at Goldman Sachs.
BUSINESS
By Jon Van and Jon Van,CHICAGO TRIBUNE | July 15, 2004
The Boeing Co. has decided to hang up its traditional phones and instead use Internet technology for communications worldwide. With 157,000 employees and operations around the globe, the Chicago-based plane maker and defense contractor is the biggest company to embrace Voice over Internet Protocol (VoIP) technology, which allows it to transmit voice, data and video on a single network. Boeing employees are unlikely to notice the difference. Their phones will still ring and they'll continue to talk on what look like regular phones.
BUSINESS
By ANDREW LECKEY | July 4, 2004
I AM 27 years old, consider myself an aggressive investor and add a significant amount to my portfolio on a regular basis. I own shares of Cisco Systems Inc. What is the outlook for the company? - T.D., via the Internet The world's largest maker of equipment that directs Internet traffic is so confident that the economy and capital spending are improving that it plans to hire 1,000 workers through the rest of 2004. It recently launched its much-ballyhooed CRS-1 router that targets its largest customers.
BUSINESS
By BLOOMBERG NEWS | May 7, 2003
SAN JOSE, Calif. - Cisco Systems Inc., the world's largest maker of equipment to direct Internet traffic, reported yesterday a 35 percent increase in fiscal third-quarter net income as the company reduced costs. Net income was $987 million, or 14 cents a share, compared with $729 million, or 10 cents, a year earlier, Cisco said. Revenue in the quarter that ended April 26 fell to $4.62 billion from $4.82 billion. With little sign of a pickup in customer demand for the switches and routers that turned Cisco into the world's 18th-largest company by market value, Chief Executive Officer John T. Chambers has sliced costs and turned his attention toward new products such as wireless equipment and data storage.
BUSINESS
By BLOOMBERG NEWS | December 21, 1999
SAN JOSE, Calif. -- Cisco Systems Inc., the world's biggest maker of Internet equipment, said yesterday that it has agreed to buy Pirelli SpA's optical systems unit for $2.15 billion in stock, filling a gap in its line of fiber-optic products.Cisco also will invest $100 million in Pirelli's optical components unit and undersea cable operations, giving the San Jose, Calif.-based company a 10 percent stake in each business. Pirelli is based in Milan, Italy, and is Europe's No. 2 maker of telecommunications cable behind Alcatel SA.Cisco's largest purchase in Europe caps a $10 billion buying spree for equipment that sends signals over fiber-optic networks.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | April 21, 1998
In a move that could help set the stage for faster Internet transmissions, Ciena Corp. and Cisco Systems Inc. yesterday agreed to link their network equipment.The accord is potentially significant because of the two companies' prominence in the rapidly evolving field of digital networks.Ciena, based in Linthicum, is one of the leading makers of dense wavelength division multiplexing -- or DWDM -- equipment. DWDM turns one communications channel into several, increasing the capacity of a network.
NEWS
By Eileen Ambrose and Eileen Ambrose,SUN STAFF | May 9, 2002
Seizing on an unexpectedly good earnings report from Cisco Systems Inc. as a reason to jump back into the stock market yesterday, optimistic investors sent the Dow Jones industrial average soaring more than 300 points and the Nasdaq to the eighth-biggest percentage gain in its history. "It's sure nice to see it. We had a rough six weeks," said Andy Brooks, head of equity trading at T. Rowe Price Associates in Baltimore. "It's overdue." Even so, analysts said they weren't sure yesterday's rally would be sustainable.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | October 28, 2001
Financial consultants have three key pieces of advice for shareholders re-evaluating their technology stocks that were once gems of the market: Consider your time frame, take a second look at the company and think about buying stocks in other industries. And though the market proved unstable in the wake of the Sept. 11 terrorist attacks, "this isn't the first time the market's seen volatility like this," said Patrick Buttarazzi, an associate vice president for Prudential Securities in Baltimore.
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