Cisco extends recovery, net income up 63 pct in 3Q

(AP) -- Cisco said Wednesday that its net income for the latest quarter rose 63 percent from last year, as the economic recovery gave customers the confidence to spend on big-ticket networking gear.

HP, Microsoft team up on $250 million cloud computing project

Hewlett-Packard and Microsoft said Wednesday they will jointly spend $250 million to develop hardware and software products that are designed to work together smoothly in their customers' data centers and in cloud computing ...

Cisco to proceed with $3.4 billion Tandberg deal

(AP) -- Cisco Systems Inc. says it is waiving its condition that 90 percent of shareholders of Norwegian videoconferencing equipment firm Tandberg ASA back its $3.4 billion takeover offer and will close the deal as soon ...

Cisco uses cash hoard to buy Norwegian co. for $3B

(AP) -- Cisco Systems Inc. tapped its immense cash hoard and announced a deal Thursday to buy Norway's Tandberg ASA for $3 billion in a bid to dominate the global market for videoconferencing equipment.

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