Cisco tops $100 billion in market capital

Article Abstract:

Cisco Systems Inc. saw its market capitalization roll past $100 billion on the strength of a $4 surge in its stock prices. It took the San Jose, Calif. maker of computer networking gear 12 years to reach $100. It is believed to be the fastest acceleration ever. Anaysts say the company will continue to grow as the Internet grows. The company is expanding to transmit telephone signals which increases its potential market sixfold. Cisco has been successful in the field not necessarily because it had the best technology, said analyst Deb Mielke, but because Cisco had the most complete product line, along with aggressive marketing and support organizations.

Telephone Apparatus Manufacturing, Sales, profits & dividends, Telephone & Telegraph Eqp NEC, Company Data, Telecommunications systems, Cisco Systems Inc.

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Hewlett-Packard to reduce payroll in buyout program

Article Abstract:

Hewlett-Packard, which has been badly hurt by the growing economic crisis in Asia, has announced that it will cut back its 127,200 work force by 2,500 employees as part of a voluntary buyout program. The Palo Alto, Calif.-based computer company's decision will affect its troubled test and measurement unit. Industry analysts have said that Hewlett-Packard, which recently has suffered from lagging sales and declining stock prices, is planning other cost-cutting measures to turn its profit margin around.

Comment:

Has announced that it will cut back its 127,200 work force by 2,500 employees as part of a voluntary buyout program

Electronic Computer Manufacturing, Labor force information, Computers & Auxiliary Equip, Company Personnel, Hewlett-Packard Co.

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