Cisco cuts expenses, braces for a downturn - Mar. 27, 2008

I'll participate in Cisco Expo 2008. The theme is "Enable Your Network to Empower Your Business". This event will take place at the Helsinki Mess Center 22.4.2008. The address is Messuaukio 1, 00520 Helsinki.

Below is an article from Fortune...

Cisco cuts expenses, braces for a downturn - Mar. 27, 2008: "Cisco signals trouble ahead
Tech bellwether starts cutting costs, Fortune has learned, in a clear sign that it's not immune from a broader slowdown. By Scott Moritz, writer.

(Fortune) -- Cisco Systems, one of the country's biggest technology companies, appears to be bracing for a downturn.

The San Jose maker of Internet networking gear has told some managers to limit travel expenses and use up accumulated vacation days, according to sources close to the company. Both steps could be early signs that deeper cutbacks loom.

The belt-tightening is a jarring new turn for Cisco (CSCO, Fortune 500), which crashed hard when the technology bubble burst earlier this decade but has since rebounded on a major push into video and rising worldwide demand for Internet routers.

It's also an ominous sign that the U.S. technology industry is facing a slowdown as key customers brace for a recession."
Post a Comment

Popular Posts

The Arctic Circle Design Forum

Digital Storytelling

Mexico open for business

Continued Stable Profit Development for Raute