THE WRAP: Cisco sparks market swoon

THE WRAP: Cisco sparks market swoon

Robert Clark  |   August 13, 2010
telecomseurope.net
This week the stock market dived after tech heavy Cisco complained of uncertainty, while spymasters continued to fret about the BlackBerry.
 
Cisco’s quarterly profit spiked 79% but its missed revenue estimates and uncertain outlook prompted a sell-off across the tech sector.
 
RIM won a reprieve in Saudi Arabia after reportedly handing over key codes, but was given an ultimatum by Indian security chiefs.
 
A Google and Verizon agreement on handling web traffic, which excluded mobile networks and possible “additional” services, was greeted with derision by open internet proponents.
 
HP CEO and chairman Mark Hurd resigned suddenly after admitting to making false expense claims to conceal a relationship with actress Jodie Fisher.
 
Price competition in emerging markets drove down Bharti Airtel’s profit and helped flatten the bottom line of shareholder SingTel.
 
The Australian opposition pitched a low-cost wireless alternative to the government’s next-gen fiber network.
 
South Korean police raided Google’s Seoul office as they probed the collection of Wi-Fi data by Street View vehicles.
 
Weeks after the flap over reception on the new iPhone 4, Mark Papermaster, head of the engineering team, left Apple.
 
Inmarsat is building a $1.2 billion (€934 million) network to offer mobile satellite broadband worldwide.
 
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;Bharti Airtel   BlackBerry   Cisco   Earnings   Google   HP   India   Net neutrality   RIM   Singtel   Telstra   Verizon

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