Cisco Systems, Inc Essay

cisco Systems, Inc. is an American- found multinational can that designs and sells consumer electronics, networking and communications engine room and services. Headquartered in San Jose, California, cisco has more than 65,000 employees and annual revenue of US$40. 0 billion as of 2010. The standard was added to the Dow Jones Industrial Average on June 8, 2009, and is as well included in the S&P ergocalciferol great power the Russell 1000 Index, NASDAQ100 Index and the Russell 1000 Growth Stock Index. 4 cisco is one of the worlds biggest technology corporations.Corporate history One of the many buildings on the lake herring Systems campus in San Jose Len Bosack and sandy Lerner, a married couple who worked as computer operations staff members at Stanford University, afterwards joined by Richard Troiano, founded Cisco Systems in 1984. Lerner moved on to engage computer services at Schlumberger, woful full time to Cisco in 1987. The name Cisco was derived from the city name, San Francisco, which is why the familiaritys engineers insisted on exploitation the lower case cisco in the early days.For Ciscos kickoff product, Bosack adapted multiple-protocol router softw ar originally compose some years before by William Yeager, another Stanford employee who later joined temperateness Microsystems. The companys start chief operating officer was Bill Graves, who held the position from 1987 to 1988. 5 In 1988, privy Morgridge was appointed CEO, and succeeded in 1995 by trick Chambers. While Cisco was not the first company to develop and sell a router,6 it was one of the first to sell commercially successful routers supporting multiple network protocols. 7 As the mesh communications protocol (IP) became wide adopted, the importance of multi-protocol routing declined.Today, Ciscos largest routers are primarily used to deliver IP packets. In 1990, the company was listed on the Nasdaq nisus exchange. Lerner was fired as a forget Bosack quit after receivi ng $200 million. almost of those profits were given to charities and the two later divorced. Cisco acquired a variety of companies to acquire in products and talent into the company. Several acquisitions, such as Stratacom, were the biggest deals in the industry when they occurred. During the Internet boom in 1999, the company acquired Cerent Corporation, a start-up company located in Petaluma, California, for nearly US$7 billion.It was the most valuable acquisition made by Cisco to date, and only the acquisition of Scientific-Atlanta has been larger. Several acquired companies get hold of grown into $1Bn+ business units for Cisco, including LAN switching, green light Voice over Internet Protocol (VOIP), and home networking. Cisco acquired Linksys in 2003. In late March 2000, at the top of the dot-com boom, Cisco was the most valuable company in the world, with a food market strong-armeritalization of more than US$500 billion. 89In July 2009, with a market cap of about US $108. 3 billion,10 it is understood one of the most valuable companies. 11 The company was a 2002-03 recipient of the Ron Brown Award,citation needed a U. S. presidential honor to recognize companies for the exemplary quality of their relationships with employees and communities. In 2010, Cisco bought Starent Networks, a mobile technology company and Moto reading Group, a product design consulting self-coloured that helped develop Ciscos discard video camera. 12 The Company has built its globalization Centre East in Bangalore for $1 billion and 20% of Ciscos leaders will be based there.