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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:16 EDTCSCO, SPEXSpherix commences federal litigation against Cisco for patent infringement
Spherix (SPEX) announced that it has commenced patent litigation in the U.S. District Court for the District of Delaware against Cisco (CSCO) alleging that the San Jose, CA based company infringes 11 patents owned by Spherix. These patents, developed by inventors at Nortel Networks and acquired by Spherix in December 2013, relate to Cisco's products including routers and switches. Spherix contends that the scope of Cisco's infringement of the asserted patents has been and continues to be immense. Cisco is believed to have revenues of over $6B from switching and over $3B from routers in the U.S. for its fiscal year ended July 27, 2013 and total revenues of over $30B from switching and $13B from routers in the U.S. for the five fiscal years ended July 27, 2013. The company believes that the vast majority of Cisco's switching and routing revenue from March 2008 through the present has been generated by products and services implementing technology that the company believes infringes on the 11 patents.
News For SPEX;CSCO From The Last 14 Days
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December 18, 2014
09:06 EDTCSCOCisco price target raised to $32 from $29 at RW Baird
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December 17, 2014
10:35 EDTCSCOBlackBerry expands enterprise application portfolio
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December 11, 2014
15:31 EDTCSCOCisco CEO: CIA report won't hurt company, trusted worldwide
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December 10, 2014
10:10 EDTCSCOCisco intends to acquire security advisory company Neohapsis
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07:36 EDTCSCOCisco to hold a conference
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December 9, 2014
10:23 EDTCSCOOn The Fly: Analyst Initiation Summary
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08:19 EDTCSCOCisco outlook has improved, says RBC Capital
RBC Capital believes that Cisco's negative catalysts are diminishing. The firm thinks the stock is being boosted by its successful efforts to keep its gross margin at or above the 61%-62% range, as well as a rebound in its switching business. RBC recommends buying the stock on dips and keeps a $29 price target and Outperform rating on the name.
07:41 EDTCSCOBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
06:39 EDTCSCOCisco initiated with an Outperform at Wedbush
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December 8, 2014
12:40 EDTCSCOUS Supreme Court to hear appeal in patent fight with Cisco
The U.S. Supreme Court has agreed to hear an appeal of a controversial appeals court decision that set aside a $63.8M patent infringement verdict won by The Woodlands, Texas-based Commil USA LLC against Cisco
08:40 EDTCSCODeutsche Bank and Cisco to host a conference call
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08:02 EDTCSCOAruba says NHS replaces Cisco network with Aruba wireless infrastructure
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07:49 EDTCSCOArista Networks lawsuit not as threatening as believed, says SunTrust
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07:32 EDTCSCORaymond James to hold a conference
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07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
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