Meraki buy more than cloud Wi-Fi to Cisco

Even though Meraki made a name for itself in cloud-based WLANs, Cisco's long-term goals for its new acquisition go beyond just Wi-Fi. Cisco acquired Meraki on Sunday for $1.2 billion. Meraki is a privately held company that specializes in cloud-based management of wireless LAN, security appliances, and mobile devices for midmarket companies. HOT MARKET: Top Tech M&A deals in 2012 But...

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Cisco Q1 profit and revenue grew despite weakness in Europe

Cisco Systems posted higher revenue and profit in its fiscal first quarter despite weak orders in Europe, as results in the U.S. were strong, the networking company reported on Tuesday. Revenue hit US$11.9 billion in the quarter, up 6 percent from a year earlier, the company said. Net income rose by almost 18 percent to $2.1 billion, with earnings per share of $0.39. Chairman and CEO John Chambers attributed the company's...

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Cisco to build small cellular base stations, Chambers says

Cisco Systems plans to build small cellular base stations, building upon its fast-growing business in Wi-Fi base stations for mobile operator networks, Chairman and CEO John Chambers said on Tuesday. The move will bring the networking giant into a major part of communications infrastructure that until now it has left mostly to the handful of major manufacturers that are steeped in the cellular world, such as Ericsson, Nokia...

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