TITLE

Battle of the Giants

AUTHOR(S)
Medford, Cassimir
PUB. DATE
April 2007
SOURCE
Red Herring;4/23/2007, Vol. 4 Issue 15, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Cisco Systems Inc. has spent more than $4 billion this year to acquire six San Francisco Bay Area, California startups and has embarked on a global venture capital spending spree in order to compete with Google Inc. The company is trying to get innovation accolades says William Lesieur, an analyst with Technology Business Research. Cisco invested an undisclosed sum in Ozon of Russia, and last December invested $50 million in China Communications Services, a state-run telecom firm. Hilton Romanski, who heads Cisco's global investment strategy, said that the technology and business models developed in India will be applicable to other emerging countries.
ACCESSION #
24879921

 

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