History:-
The married couple of Len Bosack and Sandy Lerner used to work in
Stanford University as staff members of computer operatives established Cisco
in 1984 after Nicolas Pham joined them (Wikipedia, n.d.). The name Cisco
was chosen from the city name of San Francisco according to Wikipedia, n.d. The
first CEO in Cisco system was Bill Grave who took the position between the
years 1987 and 1988, and then John Morgridge was appointed as CEO in 1989, also
Cisco’s first product was multiple-protocol router software (Wikipedia, n.d.).
Between the late 1990-2005 which had a
tremendous growth of the internet and as the internet protocol became widely
used, the importance of multi-protocol routing decreased and became of less
importance to enterprises and such changes made Cisco manage to follow the internet
wave and produced products such as modem access shelves (AS5200) to core GSR routers that rapidly became very important to Internet
service providers (Wikipedia,
n.d.). However, with the dot com boom in late march 2000, Cisco became the
most valuable company in the world and its market capital was up to $500
billion and it's still one of the most
valuable companies till now (Wikipedia, n.d.).
Size of the company:-
Cisco system has more than
60,000 employees, with a net income of $6.49 billion and yearly revenue of $43
billion in 2011. Cisco serves the whole world and has offices worldwide (Wikipedia, n.d.). Moreover, Cisco is
divided into five main branches worldwide according to the geographical
location: European Market-United States and Canada-Asia
and Pacific-Emerging Markets and Japan (The New
York Times, 2012).
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