Weekly News Roundup: Cisco Systems Inc. (NASDAQ:CSCO)

Posted by: Troy Jacobs Posted date: April 02, 2011 In: Roundups

Here’s a run-down of Cisco Systems Inc. (NASDAQ:CSCO) news briefs from last week. Cisco Systems Inc. (NASDAQ:CSCO) stocks ended the week at 17.04 (as of 4/1/2011).

Weekly News Roundup: Cisco Systems Inc. (NASDAQ:CSCO)

Wednesday 30 March

Cisco Systems (NASDAQ:CSCO) has announced the acquisition of newScale for cloud computing services.
According to reports, Cisco Systems (NASDAQ:CSCO) has purchased newScale as a part of its move to push into cloud computing. With the acquisition Cisco Systems (NASDAQ:CSCO) is developing a kind of online storefront for IT professionals to purchase and manage Web-based business applications and other services.

Charles Carmel, Cisco Systems (NASDAQ:CSCO)’s vice president of corporate development said, “newScale offers a simple and easy-to-use storefront for IT professionals to buy and set up Web-based services quickly, including products from Cisco and other vendors.”

Thursday 31 March

Cisco Systems (NASDAQ:CSCO) has released its first production software supporting the Locator-ID Separation Protocol.
Cisco Systems (NASDAQ:CSCO) has launched its first production software which supports the Locator-ID Separation Protocol (LISP). Cisco Systems (NASDAQ:CSCO) is planning to make LISP, an emerging standard for simplifying the process of finding internet addresses, available on its Nexus 7000 switch and by the end of the year it will be available on all its major routers and switches.

“We believe we are the first vendor in the industry [supporting LISP, and others] are in various stages of bringing it out so it may not come this year” from some of them, said Balaji Sivasubramanian, a product manager at Cisco Systems (NASDAQ:CSCO).