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Cisco Systems, 2003 Timeline Saturday, April 21 Bookmark and Share     Author
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Dennis Powel named CFO  Chief financial officer wants to maintain the conservative financial reputation Former exec to repay $27.4 million  Robert Gordon pleaded guilty to embezzling more than $50 million Data Storage Switch Contract  Cisco Systems announced a large contract for its data storage switches that will help it build on its networking business Software Flaw May Allow Attacks
World News (12) USA (335) California (187) Bay Area (11) Silicon Valley (1608) San Jose (312) Cisco (124) 2003
Business (22) Politics (1) Crime (1)
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Cisco, 2003   Revenue (112)   San Jose, May, 2003 (45)   Cisco 4th Quarter Earnings   Cisco 1st Quarter Earnings   San Jose 1st Quarter Earnings
$150 million ad campaign unveiled  The campaign with ads in print, on television and on the Internet, take a soft-sell approach to Cisco itself Cisco, AT&T in Marketing, Tech Alliance  AT&T and Cisco Systems would collaborate on product planning and sales to initially serve U.S. business customers Cisco to acquire Linksys for $500 million  Cisco Systems is jumping into the burgeoning wired and wireless home networking market New High-End Switch Parts  New modules for Catalyst 6500 switches will offer faster speeds using 10-gigabit ethernet technology Options Granted for 75 Million Shares  Cisco Systems will grant stock options for about 75 million shares of its stock to its employees Cisco Looking to Boost Resellers' Profits  Cisco will introduce several initiatives to boost profits of the companies that sell its products Wireless Offered Phones for Businesses  Cisco Systems will begin selling mobile telephones based on a short-range wireless technology Revenue drops, profits jumped 35%
Cisco sues China company  Cisco Systems sued Huawei Technologies in patent, copyright dispute Cisco to Buy Security-Software Maker  Cisco Systems would buy privately held Okena Inc. for about $154 million in stock Profit above forecasts but sales fall

January 2003 ... more > Top ^

February 2003 ... more > Top ^
  Cisco Systems reported a 50% jump in net income for the latest quarter. Net income was $990 million, or 14 cents a share

March 2003 ... more > Top ^

April 2003 ... more > Top ^

May 2003 ... more > Top ^
  Quarterly revenue dropped 4% to $4.6 billion, but profits exceed expectations. Net income was $987 million

June 2003 ... more > Top ^

July 2003 ... more > Top ^
  Cisco Systems has warned customers of a flaw that could allow attackers to stop the flow of data through its routers
Jul.18 Exploit of Cisco flaw posted  After Cisco warned of a software flaw in networking gear hackers had figured out how to cripple the equipment

August 2003 ... more > Top ^
Aug.5 Profit rises in fiscal fourth quarter
  Profits grew 27%, despite a decrease in revenues, as Cisco Systems continued to control costs in the challenging economy
Aug.6 Shares Off After Results Disappoint
  Shares fell as much as 7%, breaking with tradition of beating estimates by a penny

September 2003 ... more > Top ^
Sep.18 HP CEO to step down from Cisco board
  Carly Fiorina will step down from board of directors, according to a regulatory filing Sep.24 Best for Working Moms  Working Mother magazine included Cisco Systems, Intel, and Wells Fargo in its list of 100 top companies

October 2003 ... more > Top ^
Oct.1 Cisco agrees to stay Huawei lawsuit
  Signaling movement toward a settlement, networking equipment agreed to temporarily halt its lawsuit

November 2003 ... more > Top ^
Nov.5 Higher first-quarter sales, earnings
  For the 3 months Cisco earned $1.09 billion, or 15 cents per share

December 2003 ... more > Top ^
Dec.9 New, Upgradeable Routers for Telcos
  Cisco Systems would offer a new version of its high-end routers for Telcos

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