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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 […]
Here is what you need to know. Stocks are flashing an ominous signal not seen since the financial crisis. Stock market dispersion is widening and some technical indicators are flashing simultaneously for the first time since early in the financial crisis. Euro-area inflation slows down. Inflation slowed to an annual rate of 1.4% in October as telecommunication, garments […]
Becky Peterson Cisco has come up with a whole new way to fight malware. On Tuesday, the company unveiled a new smart network system. Using machine learning, the network’s Encrypted Traffic Analytics software can sort through internet data to look for telltale signs of malicious software. The service is specifically designed to detect malware in encrypted traffic, and Cisco […]
Business Insider For years, Credit Suisse’s Kulbinder Garcha has been raising red flags about Cisco and the growing softness in its main business, computer network equipment. But this week, he’s done a complete 180 and become a Cisco believer. He upgraded the stock two levels from essentially a sell (an “underperform”) to a buy (“outperform”) and […]
David McNew/Getty Images A week ago, AT&T did something with network technology that’s never been done before and companies like Cisco and Juniper Network should be terrified. AT&T ran a test using data from its customers that proved it can build a super-fast, reliable network with inexpensive no-name computer switches, some open source software and software from a startup. […]
