REUTERS/Mike Blake
- Amazon says it will not produce its own networking switches, contradicting a recent report.
- Cisco CEO Chuck Robbins and Amazon CEO Andy Jassy talked it over on the phone directly, says a Cisco spokesperson.
- Cisco stock shot up about 3% after the denial.
Amazon Web Services, the retailer’s cloud computing business, has officially denied a report that indicated the company was going to produce its own networking equipment that would compete with Cisco.
Cisco shares went up as high as 3.6% in after-hours trading following the news.See the rest of the story at Business Insider
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