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Cisco gives mobile WiMAX backing to Clearwire

US WiMAX operator Clearwire received a major fillip yesterday, announcing that networking giant Cisco is to be its national IP NGN core infrastructure provider and will also supply mobile WiMAX devices targeting consumers and enterprises. Cisco’s move marks its first major push into the WiMAX space.

Cisco moves ahead with more layoffs

The Wall Street Journal reports that Cisco Systems laid off several hundred employees yesterday, as part of the company’s plan to control its costs amid declining sales.

Cisco sees ‘positive signs’ despite sales downturn

Networking giant Cisco has reported revenues of US$8.5 billion for its fiscal fourth quarter (ended 25 July), down 18 percent from a year earlier, while net profit fell to US$1.1 billion from US$2.0 billion a year ago, notes Telecompaper.

Cisco to buy Starent for US2.9B

Cisco yesterday announced it is buying mobile packet core specialist Starent Networks for US$2.9 billion (US$35 per share).