• Economy hits mighty Cisco, too
By Brian Santo
Cisco’s second-quarter sales were down 7.5 percent to $9.1 billion, and reported net income dropped from $2 billion in the second quarter a year ago to $1.5 billion in Cisco’s fiscal Q2 2009.
The company touted $3.2 billion in cash flow – far more than in previous quarters – and strong cash positions. Still, with profit off by one-fourth, Cisco said it would layoff 2,000 and engage in additional cost-cutting measures.
During the quarter, the company announced the Aironet 1140 Series Access Point, an 802.11n Wi-Fi router for the enterprise market; introduced the 9000 Series Aggregation Services Router, designed to increase speed, longevity, services richness and efficiency of the network edge; announced the Linksys Wireless Home Audio solution, which uses 802.11n technology to deliver audio throughout homes; and the Linksys Media Hub, which can work in conjunction with the Wireless Home Audio system.
• Verizon wins video franchise in N.Y. town
By Traci Patterson
Residents of Poughkeepsie, N.Y., will soon have access to Verizon’s FiOS TV service, thanks to a newly approved agreement authorizing the telco to offer its video service in the area.
The addition of Poughkeepsie makes 146 the total number of New York municipalities that have authorized Verizon to provide FiOS TV service.
Verizon has also added 11 new channels to its Fort Wayne, Ind., lineup, including new sports, movie and multicultural content. FiOS TV customers have access to a total of 101 high-definition (HD) channels and more than 1,200 HD video-on-demand (VOD) titles, which are offered each month.