The Karnataka government and the US-based networking technologies giant Cisco Systems has signed a Memorandum of Understanding, endorsed by Chief Minister B S Yeddyurappa and Cisco chief executive John Chambers, to develop Bangalore as most sustainable place in terms of public safety, transportation, buildings, energy, health care and education.

The roll out of Network on wheels’ (NOW) Van programme was today announced by the networking behemoth Cisco across the Eastern region of the country. Furthermore, the company shared its plans to address the Information Technology (IT) needs of the growing Small and Medium Business (SMB) segment in the area.

The company’s NOW van will cover the key industrial cities of the eastern region including Durgapur and Ranchi, among others. It already covers New Delhi, Chandigarh, Ludhiana, Karnal, Lucknow, Kanpur, Varanasi, Jaipur, Ahmedabad, Pune, Mumbai, Hyderabad and Bhubaneswar.

Leading networking company, Cisco Systems has announced to halt recruitment of fresh staff following global slowdown. The move would enable it to cut costs by 2 billion dollar. It would also employ other cost cutting measures to deal with the situation. Cisco has 30% market share in the Unified Communications (UC) domain and it is facing stiff competition from Microsoft and Avaya.

Cisco Systems Executive Vice-President and Chief Globalisation Officer, Wim Elfrink ruled out any retrenchment but maintained that it would not hire new staff. He was addressing reporters in the side lines of the World Economic Forum's function in New Delhi.

San Francisco - Networking giant Cisco Systems held quarterly profits stable at 2.2 billion, it said Wednesday. But the Silicon Valley bellwether warned that the challenging economy would drop fiscal second quarter revenues by between 5 and 10 per cent.

The company posted revenues for the quarter of 10.3 billion dollars, up 8 per cent for the same period last year.

Recently, the results of a study were published by Cisco, in which it explained the common mistakes due to which data was lost. The study emphasized on the difference between the behavioral risks of the employees that can vary by country and culture, but a common factor which exists is that data loss can be tracked by each of these risks, and could easily be made moderate through planning and management.

San Francisco  - Networking giant Cisco reported a 4.4-per- cent rise in quarterly profits Tuesday as the company recorded its first-ever quarter in which sales topped
10 billion dollars.

The Silicon Valley company, the world's largest maker of the routers and switches that run the internet, posted a fiscal fourth- quarter profit of 2 billion dollars, or 33 cents a share. That's up from 1.9 billion dollars, or 31 cents a share, in the year-ago quarter as sales rose to 10.4 billion dollars from 9.4 billion dollars a year ago.