Cisco Systems strengthens New England presence selects Chelmsford site for ATM operations.BILLERICA, Mass.--(BUSINESS WIRE)--Nov. 7, 1995-- 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.-based 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., the world's leading supplier of internetworking technology will establish Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. (ATM) product development, marketing operations and an expanded customer briefing center in Chelmsford in the first quarter of 1996. The company will relocate from its 54,000 square foot site in Billerica to a 144,000 square foot facility at 250 Apollo Drive in Chelmsford. The site was chosen to meet the company's current needs and future growth plans and to create the most advanced ATM development laboratory in the country. Cisco currently employs 140 people at its ATM Business Unit in Billerica and more than 4000 worldwide. The company had revenues of nearly $2 billion in fiscal 1995. Cisco established ATM operations in Massachusetts following the acquisition of LightStream Corp. in January of 1995. "Cisco truly represents the global future of the networking industry," explained Paul Lazay, vice president and general manager of Cisco's ATM Business Unit. "I am proud to establish Cisco as a resident in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and excited to carry on the region's tradition of high tech innovation." The Chelmsford site will be responsible for the marketing, development and support of the industry-acclaimed LightStream 2020 ATM switch. "Chelmsford and the Economic Development Partnership are proud to welcome Cisco Systems to the community and are excited about a worldwide organization like Cisco becoming our latest corporate citizen," said Town Manger, Bernard F. Lynch. Cisco Systems has been a leader in developing the Internet, the "network of networks" that today connects more than 15 million university, corporate and government computer users worldwide. The company has been building Internet nodes since its formation in 1985, and technology originated and commercialized by Cisco has made possible the establishment and rapid growth of the Internet by providing the "intersections" of the global information highway. Cisco Systems is the leading global supplier of enterprise networks, including routers, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and ATM switches, dial-up access servers and network management software. These products, integrated by the Cisco IOS software, link geographically dispersed LANs, WANs and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) networks. Cisco news and product/service information are available at Worldwide Web site http://www.cisco.com. Cisco is headquartered in San Jose, Calif. Its stock is traded in the United States on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer . -0- Cisco IOS is a trademark and Cisco, Cisco Systems and the Cisco logo are registered trademarks of Cisco Systems, Inc. CONTACT: Patrick Wright PR Manager ATM Business Unit Cisco Systems 508-262-1164, Fax 508-262-1072 pwright@cisco.com |
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