Author Archives: Scalper1

Cisco Keeps Trying, But Pact May Help Ericsson More

Trying to build more growth momentum, legacy computer networker Cisco Systems (CSCO) Monday teamed with telecom infrastructure leader Ericsson (ERIC) in a strategic partnership the companies said might generate $1 billion in additional revenue for each by 2018. “In a world driven by mobility, cloud and digitization, the networks of the future will require new design principles to ensure they are agile, autonomous and highly secure,” the companies

Tencent To Report Earnings Amid China Internet Wars

As China’s biggest online shopping day approaches, Tencent Holdings (TCEHY) is due to report third-quarter earnings before the market open Tuesday. Tencent is expected to post a 28% revenue increase to 25.4 billion yuan — about $4 billion at the current exchange rate — accelerating from 19% year-over-year growth in the prior quarter. Analysts polled by Thomson Reuters expect net profit at the company, which has its primary listing in Hong Kong, to