Cisco Systems Net Worth is$107.9 B
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Company Name: Cisco Systems, Inc.
Company Logo: Image:Cisco logo.svg
Company Type: Public company
Traded As: CSCO, 4333, S&P 500
Foundation: San Francisco, California, U.S., (1984)
Founder: Leonard Bosack, Sandy Lerner
Location City: San Jose, CA, California
Location Country: U.S.url
Subsid: List of acquisitions by Cisco Systems
Area Served: Worldwide
Key People: John Chambers (CEO), (Chairman & CEO)
Industry: Networking hardware
Products: Computer networking device , :Category:Cisco products
Revenue: url
Operating Income: url
Net Income: 08.041 billion (2012) Assets: equity
Num Employees: 66,639 (2012)url
Homepage: http://www.cisco.com//Cisco.com
Cisco Systems, Inc. (NASDAQ: CSCO) is an American multinational corporation headquartered in San Jose, California, United States, that designs, manufactures, and sells networking equipment. The stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ 100 Index and the Russell 1000 Growth Stock Index.
Leonard Bosack and Sandy Lerner, a married couple who worked as computer operations staff members at Stanford University, later joined by Richard Troiano, founded Cisco Systems in 1984. Lerner briefly moved on to direct computer services at Schlumberger, but returned full-time to Cisco in 1987.[citation needed] The name "Cisco" was derived from the city name, San Francisco, which is why the company's engineers insisted on using the lower case "cisco" in the early days. For Cisco's first product, Bosack adapted multiple-protocol router software originally written some years before by William Yeager, another Stanford employee who later joined Sun Microsystems. The company's first CEO was Bill Graves, who held the position from 1987 to 1988. In 1988, John Morgridge was appointed CEO.
On February 16, 1990, Cisco Systems went public (with a market capitalization of $224 million) and was listed on the Nasdaq stock exchange. On August 28, 1990, Lerner was fired; upon hearing the news, her husband Bosack resigned in protest. The couple walked away from Cisco with $170 million, 70% of which was committed to their own charity.
Although Cisco was not the first company to develop and sell dedicated network nodes, it was one of the first to sell commercially successful routers supporting multiple network protocols. Classical, CPU-based architecture of early Cisco devices coupled with flexibility of operating system IOS allowed for keeping up with evolving technology needs by means of frequent software upgrades. Some popular models of that time (such as Cisco 2500) managed to stay in produc

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