As its recent buying binge–three acquisitions in October, alone–suggests, Cisco’s business is in decent shape these days. Reporting first-quarter results after market close today, the company handily beat Wall Street estimates.
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As launch dates go, the timing could not be better. Less than a week after Google’s Gmail suffered its fourth service disruption this year, IBM announced a competing Web mail service intended to undercut it. Called LotusLive iNotes, it’s an email, calendaring, and contact management system aimed squarely at the enterprise space Google has been so diligently courting.
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It’s merger mania in the tech industry. First Dell buys Perot Systems for $3.9 billion. Then Xerox purchases Affiliated Computer Services for $6.4 billion. Now Cisco is acquiring Tandberg for nearly $3 billion in cash.
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If a global manufacturer of computer hardware like Belkin’s not exhibiting at CES, who is? I posed that question jokingly earlier this morning, but turns out there’s a very real and ugly answer to it: Not Seagate. Not Logitech. Not Cisco. Not Philips. Not Yahoo. And not Sanyo, either.
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With a Department of Justice ruling on Google’s advertising partnership with Yahoo expected by late next week, a key legislator is urging further scrutiny of the deal. In a letter to the DOJ, Sen. Herb Kohl of Wisconsin, chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, encouraged it to monitor the Google-Yahoo deal, even if the agency signs off on it.
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