John Chambers will end his 20-year run as CEO of technology giant Cisco Systems this summer and will be replaced by company executive Chuck Robbins. Chambers' departure comes after years of analyst speculation.
Google, Amazon and Microsoft's ongoing movement into the cloud drove up fourth-quarter Ethernet switch revenues to what Dell'Oro Group says was an "all-time high," driving growth in both the data center and campus markets.
It's no surprise that video makes up the majority of traffic on both wired and wireless networks, but according to the latest Cisco Visual Networking Index, 79 percent of all IP traffic on the network will be video by 2018 and 52 percent of that video traffic will be HD video.
It didn't take long for tech companies big and small--including Amazon, Google and Yahoo--to rally against the FCC's proposed net neutrality rules that would allow broadband providers to charge a fee for a fast lane on the Internet. The companies said the new rules would hurt consumers and industry competition.
Even though sales from its video service provider segment fell 26 percent in its fiscal third quarter, Cisco Systems beat Wall Street analysts' estimates, sending the vendor's stock up in after-hours trading on Wednesday.
Yvette Kanouff is reportedly leaving Cablevision Systems to serve as senior vice president in charge of Cisco's service provider video group. Her departure from Cablevision takes Yanouff back to the supplier side of the business.
Cisco Systems and Texas Instruments are both staking claims in the Internet of Things space by forming partnerships with other companies in hopes of advancing this emerging area. Specifically, TI partnered with eight IoT cloud service providers and Cisco launched a challenge to help IoT startups get more visibility.
John Chambers, Cisco's chairman and CEO, saw his total compensation rise to $21.1 million during the company's latest fiscal year--up almost double from the $11.7 million he received in total compensation the year previous.
Juniper Networks CEO Kevin Johnson announced he is retiring after five years heading up the telecom networking company. Johnson, age 52, told Bloomberg that he is retiring to focus on "personal priorities" and will remain in the job until his replacement is found.
Cisco Systems CEO John Chambers predicted that the cost of transporting mobile data will follow a path similar to mobile voice: As networks become more efficient, the cost of transmitting mobile data will fall.