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Cisco Systems, 2002 Timeline Saturday, April 21 Bookmark and Share     Author
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Shares surged more than 18%  Investors drove up the shares despite executives' cautious stance on the Cisco Systems' future financial outlook Former executive held for evaluation Software to Protect Networks  Globally Resilient IP (Internet Protocol) is designed to protect against network failures on its high-end routers Gaining Share in Routers, Switches  Networking giant picked up market share in almost every router and switch segment in the first quarter Analyst Raises 'Yellow Flag', Shares Off  Shares fell 52 cents after an analyst concerns about the company's reserves in case customers do not pay Cisco to Buy Ayr Networks  Cisco Systems to buy the rest of privately held company, based in Palo Alto Former executive pleads guilty to fraud  Robert Gordon, 43, diverted $50 million of Cisco-owned stock and company funds into personal accounts in the Bahamas Shares Close Down 8%  Company reassured investors that its senior executives stood ready to certify the accuracy of financial results Expectations beaten in fourth quarter  Cisco Systems posted stronger-than-expected profits for its fiscal fourth-ququarter. The company earned $772 million Stock Up, but Sales Slump Expected  Analysts warned that the networking giant's revenue will remain in a holding pattern until the economy improves New Storage Products  Cisco is expected to launch the first versions of its Andiamo Systems storage network switches Cisco to acquire storage switch company
World News (12) USA (335) California (187) Bay Area (11) Silicon Valley (1608) San Jose (312) Cisco (124) 2002
Business (23) Crime (4)
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Cisco, 2002   Cisco 3rd Quarter Earnings   San Jose 3rd Quarter Earnings   Cisco 2nd Quarter Earnings   San Jose 2nd Quarter Earnings   Gordon (15)
Shares fall after analyst lowers forecast  Shares of Cisco Systems fell 8% after an Stephen Koffler of Wachovia Securities lowered his forecast for third-quarter earnings Cisco Benefiting From Spending Rebound Analysts Dismiss Fears Former executive on run Cisco beats third-quarter expectations
Cisco beat 2nd-quarter expectations

February 2002 ... more > Top ^
  Booked orders, for products only, were $3.9 billion, which exceeded a goal of $3.75 billion

March 2002 ... more > Top ^

April 2002 ... more > Top ^

May 2002 ... more > Top ^
  Networking giant is continuing slow recovery from the economic downturn. Cisco earned $729 million, or 10 cents a share

July 2002 ... more > Top ^

August 2002 ... more > Top ^
  Cisco Systems will acquire Andiamo Systems, a privately held company that develops gear for storing data on networks

October 2002 ... more > Top ^
Oct.2 'Networks in motion': New wireless gear  Cisco Systems aims at equipping trucker drivers, police patrols, even tank commanders, with constant data access Oct.3   CEO paid $1 in fiscal 2002  John Chambers requested his base salary be lowered to $1 as the company cut costs and laid off thousands of employees Oct.7 Cisco Eyes Veritas as Partner  Cisco Systems seeks to increase its presence in the data storage business Oct.8 Falls on Fears of Weaker Quarter  Shares fell to $8.30, an almost 5-year low, on fears Cisco Systems will not be able to meet its forecast

November 2002 ... more > Top ^
Nov.4 Investors Worry for Cisco  Investors are worried Cisco may say demand is weakening when company reports quarterly results Nov.6 Quarter earnings beat expectations
  The company predicted a soft fiscal second quarter with sales remaining flat or falling slightly
Nov.7 Disappointing Outlook Drives Down
  Stock fell as much as 6.3%, and was still off 58 cents, or 4.5%, at $12.38 on the Nasdaq Nov.12 Order Backlog Is Rising, CEO Says  John Chambers said the backlog is above the $1.4 billion it reported on Sept. 9

December 2002 ... more > Top ^
Dec.20 Ex-executive gets 6.5 years for fraud
  Robert S. Gordon, 43, former director of corporate finance and business development, entered guilty pleas

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