Here’s this week’s round-up of Cisco Systems Inc. (NASDAQ:CSCO) stock briefings. Cisco Systems Inc. (NASDAQ:CSCO) shares ended the week at 21.04 (as of 9/3/2010).
Weekly News Roundup: Cisco Systems Inc. (NASDAQ:CSCO)
Wednesday 1 September
As first reported on Sunday by TechCrunch, Cisco Systems, Inc. (NASDAQ:CSCO) has apparently put in a bid to buy Skype before the internet phone company goes public.
No details of this offer have been confirmed yet, but with the merger mania we’re seeing now in the Tech sector, this could well turn out to be true.
Thursday 2 September
Cisco Systems, Inc. (NASDAQ:CSCO) and Itron Inc., both leaders in their fields, have announced plans to collaborate on the development of standards-based smart metering platform using internet protocol.
This will be available to utility companies and is expected to offer enhanced deliver of energy to consumers.
Friday 3 September
The network equipment maker is in plans to enter and expand business in smart grid market.
The newest plan to acquire the start-up Arch Rock is a significant move towards becoming an established presence in the market.
The new acquisition deal came out on the very next day after Cisco Systems (NASDAQ:CSCO) has announced that it is joining hands with Itron Inc for developing communication platforms for smart grids.
Laura Ipsen, senior vice president and head of Cisco’s Smart Grid business said that “This acquisition further positions Cisco as a strategic partner to utilities working to better manage power supply and demand, improve the security and reliability of energy delivery, and optimize operational costs.”
We will be monitoring the Cisco Systems Inc. (NASDAQ:CSCO) share price for developments over the next few weeks.
