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March 09, 2010

Cisco to 'Forever Change the Internet'


By Erin Harrison, Senior Editor

According to industry insiders, Cisco (News - Alert) is likely to introduce tools that will enable its network service providers to build their own high-speed networks.
 
CNBC reported the industry giant would go this route as opposed to showing a new, high-speed broadband network of its own.
 

The San Jose, Calif.-based company has fueled speculation by saying the announcement will “forever change the Internet and its impact on consumers, businesses and government,” in a company statement released on March 8.

 
Cisco shares rose slightly in after-hours trading, after ending the regular session nearly 4 percent higher at $26.14, CNBC reported.
 
In yet another sign that LTE (News - Alert) will ultimately prevail over WiMAX as the new standard in wireless communications, Cisco is reportedly exiting the WiMAX access network market, which it entered when it acquired Navini (News - Alert) Networks in 2007, TMCnet reported on Monday.

Erin Harrison is a senior editor with TMCnet, primarily covering telecom expense management, politics and technology and Web 2.0. She serves as senior editor for TMC's print publications, including "Internet Telephony", "Customer Interaction Solutions", "Unified Communications (News - Alert)" and "NGN" magazines. Erin also oversees production of TMCnet's weekly iPhone e-Newsletter. To read more of Erin's articles, please visit her columnist page.

Edited by Erin Harrison