Cisco building Internet 2 with educators and government leaders; Gore praises Internet 2 networking advances; Cisco pledge exceeds $1 Million.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.--(BUSINESS WIRE)--April 9, 1997--Cisco Systems, Inc. (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 :CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) today announced it is the initial Corporate Partner in the nationwide Internet 2 project. This project joins the university community, government and industry with the combined goal of accelerating the next stage of networking and Internet development. Internet 2, in close partnership with the federal government's "Next Generation Internet See Internet2. " initiative, will work with many leading universities to facilitate and coordinate networking development, deployment, operation and technology transfer. As the first Internet 2 Corporate Partner and leading provider of networking for today's Internet, Cisco intends to contribute goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. worth more than $1 million during the lifetime of the project. "I am pleased to see that major high tech companies are partnering with our leading research universities to develop the Next Generation Internet," said U.S. Vice President Al Gore Noun 1. Al Gore - Vice President of the United States under Bill Clinton (born in 1948) Albert Gore Jr., Gore . "This will help create the foundation for the networks and networked applications of the 21st century." The Internet 2 project (http://www.internet2.edu), announced in October 1996, has grown from 34 U.S. research universities to more than 100. Cisco's pledge supports the collaborative effort by these universities to build a next-generation Internet with advanced network services. Networked applications including distance learning, videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems and network voice integration will be better served by numerous new network points of presence (POPs) capable of transmitting gigabits (billions of bits) of information per second. Internet 2 participants also plan to broaden their research and development expenditures to help create the resulting GigaPOPs. As a result, both educators and government researchers will benefit from developing advanced, network-based applications and network services for higher-speed service. 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. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. News and information are available at http://www.cisco.com . -0- Note to Editors: Cisco Systems is a trademark, and Cisco and the Cisco logo are registered trademarks of Cisco Systems, Inc. All other trademarks, service marks, registered trademarks or registered service marks mentioned in this document are the property of their respective owners. CONTACT: Cisco Systems Adam Stein, 408/526-7388 astein@cisco.com or Internet2 Greg Wood, 800/786-5918 ghwood@internet2.edu |
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