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End of an era at Cisco as Robbins replaces Chambers
2015-07-28 02:00:00| Total Telecom industry news
Incoming chief executive introduces two new leadership team members as he seeks to write the vendor's next chapter.
Cisco Jumps on Sale of Set-Top Box Business, SanDisk Soars on Earnings
2015-07-24 14:52:47| Electronics - Topix.net
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Cisco Jumps on Sale of Set-Top Box Business, SanDisk Soars on Earnings
2015-07-24 02:20:46| Semiconductors - Topix.net
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Cisco quits set-top box market, sells business to Technicolor
2015-07-23 15:26:15| Wireless - Topix.net
After 10 years of making networked set-top boxes, Cisco Systems plans to quit the business, selling its Connected Devices division to French firm Technicolor, the companies said Thursday. Although Cisco will stop making video customer premises equipment for service providers, it will continue to develop software and cloud services to help telcos deliver IPTV and other video services to their customers, Cisco's business development director Hilton Romanski wrote in a blog post.
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Cisco to sell set-top box business to Technicolor
2015-07-23 09:07:00| Telecompaper Headlines
(Telecompaper) Cisco is exiting the set-top box market and selling its activities to Technicolor for EUR 550 million. Cisco will receive EUR 413 million in cash and EUR 137 million in new Technicolor shares as payment. Technicolor said the takeover will boost its global market share to around 15 percent, with around 60 million devices shipped each year and an installed base of around 290 million STBs and 185 million gateways. As a result of the acquisition, Technicolor's Connected Home segment is expected to more than double revenues to over EUR 3 billion per year and reach over EUR 200 million in annual adjusted EBITDA by the end of 2016. It will also provide a double-digit boost to Technicolor's group earnings. Technicolor expects over EUR 100 million in synergies from the merger, thanks in particular to supply chain and SG&A savings. Along with the acquisition, Technicolor and Cisco agreed to a strategic partnership on development of next-generation video and broadband technologies, including cooperation on Internet of Things products. In addition, they signed a long-term patent cross-licensing agreement. After the transaction has closed, Hilton Romanski, Senior Vice President and Chief Strategy Officer of Cisco, will join Technicolor's board of directors.
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