Cisco Buys Producer Of Chips For Networks.Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Inc., a leading maker of Itnernet equipment said that it had agreed to buy the closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. Growth Neworks Inc. for about $355 million in stock, to add semiconductors that speed computer networks. Growth Networks, founded in 1998 and based in Mountain View, Calif., makes chips that help information flow faster through network switches and routers. Cisco wants to offer faster versions of its most expensive switches and routers to fend off competition from Lucent Technologies Inc., Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. Inc. and other phone-equipment makers. Cisco is based in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. |
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