Dallas, Texas 01/13/2014 (FINANCIALSTRENDS) – Cisco Systems, Inc. (NASDAQ:CSCO) Chief Executive John Chambers spoke eagerly during the past week at the Consumer Electronics Show in the city of Las Vegas regarding an “Internet of everything”, which will one day swell systems to sensor-outfitted parking zones, shopping carts, even garbage cans.
But shareholders look preoccupied with the outlook of an Internet of lower earnings, where the company’s profitable, best-selling networking gear is displaced by no-name hardware catered by third-party software. In the month of November, the firm cut down its income and earnings guidance. Scrip has since declined.
The company specializes in networking gear such as switches, which hook up devices within a system, and routers that join systems to one another. It benefits from both huge market share and outsize income margins.
Mobstac lifts up $2 million from Accel Partners, Cisco
MobStac, a cloud platform for delivering excellent mobile websites and application programs, has lifted up $2 million Series B funding from Accel Partners plus Cisco Systems, Inc. (NASDAQ:CSCO).
Bangalore-based firm is a go-to-podium for biz organizations and ventures eyeing to connect with consumers on smartphones and tabs crosswise all channels — mobile web, Android, iOS, and Windows. MobStac proposes to utilize the funds to swell its product offering for consumer brands planning to tap into the rising mobile commerce zone.
“This support offers us the capability to swell our platform providing to provide next-gen mobile experiences for consumer brands,” stated Sharat Potharaju, chief executive officer of MobStac.
Cisco Systems, Inc. (NASDAQ:CSCO) declares a novel service
Cisco Systems, Inc. (NASDAQ:CSCO) is stressed with slumping income and income in recent years. The firm is mainly disturbed in its network equipment section which is its key source of income. The challenge to this section is posed by participants like Huawie, a Chinese firm, which is pushing the firm out of the most of the budding markets with its contemptible equipments.