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Cisco Systems, 2011 Timeline Saturday, April 21 Bookmark and Share     Author
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Cisco accused of tracking Falun Gong  Falun Gong followers has filed a lawsuit accusing Cisco Systems of helping Chinese authorities persecute members of the movement Cisco might cut 10,000 jobs  Cisco Systems Inc. may cut as many as 10,000 jobs, or about 14% of its workforce, to revive profit growth Cisco to lay off 6,500 employee
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Shares Fall (20)   Profit Falls (11)   Cisco, 2011   San Jose, May, 2011 (27)   San Jose, July, 2011 (11)
Cisco names first chief operating officer  Gary Moore, who has been running services business, will oversee engineering, marketing, operations and services for the networking giant Video camera business and 550 jobs cut  2 years after launching a controversial foray into selling handheld gadgets to consumers, Cisco Systems will close its Flip video camera bus... Profit falls 17%; overhauling business
Shares fall 14%, gross profit margin slips

February 2011 ... more > Top ^
  Sales and profit beat analyst estimates. CEO John Chambers says Cisco's new products aren't yet as profitable as its established lineup

April 2011 ... more > Top ^

May 2011 ... more > Top ^
  Cisco Systems will axe more jobs and continue to trim under-performing segments of its business

July 2011 ... more > Top ^
  Networking equipment maker is laying off 9% of its work force to eliminate thousands of jobs in an effort to cut costs and raise profits

August 2011 ... more > Top ^
Aug.10 Cisco performs better than expected
   95122: Networking giant reported quarterly revenue and earnings that beat Wall Street expectations. Earnings were 40 cents a share Aug.12 Cisco stock climbs 16% - top 1-day leap  Cisco shares soared before closing at $15.92, a day after the networking equipment maker reported surprisingly good quarterly results Aug.29 Cisco buys S.F. software startup Versly
  Cisco has purchased startup to form a more complete corporate software package that melds the MS Office suite and its own platform

September 2011 ... more > Top ^
Sep.13 Cisco cuts long-term growth forecast
  Cisco Systems Inc. lowered its long-term sales forecast, acknowledging that its days of heady growth won't return in the foreseeable future

October 2011 ... more > Top ^
Oct.18 CEO's pay fell by third
  John Chambers, saw his pay package fall by nearly a third in the company's fiscal year that ended in July, same as share slump

November 2011 ... more > Top ^
Nov.9 Profits fall, but beat expectations
  Despite an 8 percent drop in quarterly profit CEO Chambers appeared to be making progress in his turnaround effort, reporting an increase in sales

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