Cisco plans a major announcement that ?will forever change the Internet
- Thread starter MadJack
- Start date
SAN JOSE, Calif. (TheStreet) -- Cisco (CSCO) shares were higher in premarket trading Tuesday the day the networking-equipment company is expected to make a "significant" product announcement.
Cisco shares were trading at $26.36, after closing at $26.13 on Monday, up 3.65%.
Cisco said last month it would make an announcement Tuesday that "will forever change the Internet and its impact on consumers, businesses and government."
Pete Najarian of OptionMonster and CNBC's "Fast Money" speculates the Cisco announcement might be an explosive move by the company in the data area.
Ittai Kidron, an analyst with Oppenheimer & Co., expects Cisco to unveil a router capable of transmitting Internet traffic at 120 gigabits per second per slot, or more than 2 terabytes per device, Bloomberg reports.
On its Web site Tuesday, Cisco has a clock counting down to the 10 a.m. EST announcement. The Web site says "Cisco's next innovation will help service providers prepare for the future by delivering anywhere to anywhere experiences. On March 9, 'what's next' arrives."
-- Reported by Joseph Woelfel in New York.
Cisco shares were trading at $26.36, after closing at $26.13 on Monday, up 3.65%.
Cisco said last month it would make an announcement Tuesday that "will forever change the Internet and its impact on consumers, businesses and government."
Pete Najarian of OptionMonster and CNBC's "Fast Money" speculates the Cisco announcement might be an explosive move by the company in the data area.
Ittai Kidron, an analyst with Oppenheimer & Co., expects Cisco to unveil a router capable of transmitting Internet traffic at 120 gigabits per second per slot, or more than 2 terabytes per device, Bloomberg reports.
On its Web site Tuesday, Cisco has a clock counting down to the 10 a.m. EST announcement. The Web site says "Cisco's next innovation will help service providers prepare for the future by delivering anywhere to anywhere experiences. On March 9, 'what's next' arrives."
-- Reported by Joseph Woelfel in New York.
Transferring 2 Gig per second, per second, per slot? Novice perspective, seems like they're gonna be able to make internet traffic instantaneous, for areas that use their capabilities?
That would be a step forward, for sure. So, the porn might not be free, but it can be delivered a lot faster? Nice. Baby steps...
That would be a step forward, for sure. So, the porn might not be free, but it can be delivered a lot faster? Nice. Baby steps...
I've held my position in Cisco since '02 (at $12 or so) and had been kicking myself for not dumping some of that position in the $31-32 range 2 years ago. Hoping this new technology makes my stupidity, I mean patience, pay off :toast:
Moore's Law maybe? A faster chip has resulted in the continuous evolution of technology and with it human advancement.
Would be a major discovery. Last I heard they were working with ions/protons/neutrons for binary coding.
Off to work...
Would be a major discovery. Last I heard they were working with ions/protons/neutrons for binary coding.
Off to work...
I'm off today and I was just thinkin', "Man I need to download something!"
Thanks Jack!
:SIB
- Feb 17, 2010
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Yet
Yet ?
Att DSL is capped at 6mbps
ATT Uverse Fiber is 18mbps
Comcast is around 12mpbs in certain locations testing
25mbps.
