Companies buoying China’s oppression: beware. A 12-year-old lawsuit against tech firm Cisco has now been revived by a California court. China’s exports are hitting a record decline. As its economy spirals, will the crisis reach the United States? Tens of thousands have been evacuated. A bridge was caught overflowing with water. Severe floods are soaking…
Ninth Circuit Greenlights Lawsuit Accusing Cisco of Aiding Beijing in Persecuting Falun Gong
A lawsuit accusing California tech giant Cisco of facilitating the Chinese regime’s violent persecution of Falun Gong can now move forward to trial, the U.S. Ninth Circuit Court of Appeals ruled on July 7. Adherents of Falun Gong, a faith group heavily persecuted in China since 1999, filed a lawsuit in 2011 against Cisco along…
US Appeals Court Revives Lawsuit Accusing Cisco of Aiding Beijing in Persecuting Falun Gong
A lawsuit that accuses California-based tech giant Cisco of facilitating the Chinese regime’s violent persecution of Falun Gong can move forward to trial, the U.S. Court of Appeals for the 9th Circuit ruled on July 7. Adherents of Falun Gong, a faith group that’s been heavily persecuted in China since 1999, filed a lawsuit in…
World’s Largest Coal Port to Transform Into ‘Smart City’
With the help of American multinational digital communications technology corporation Cisco, Australia is transforming Newcastle into its first digitally active ‘smart city.’ Smart cities are innovative and digitised model cities that promise high-tech infrastructure, better broadband coverage, and transparency by unifying otherwise disparate data of city maintenance and governance into a single database. Newcastle council’s smart…
Cisco Expects Revenue Growth as Supply Chain Pressures Ease
Cisco Systems Inc. gave a positive forecast for first-quarter sales as a COVID-19 recovery in China eases supply chain shortages and helps it meet demand for networking hardware, sending the company’s shares 5 percent higher in extended trading. The results announced on Wednesday suggest networking equipment makers have started overcoming the component crunch that had…
Cisco Raises Annual Earnings Forecast, Announces $15 Billion in Share Buybacks
Cisco Systems Inc (CSCO.O) on Wednesday raised its full-year earnings forecast and reported quarterly revenue above expectations on strong demand for its enterprise communication tools and 5G gear. Shares of the company rose about 5 percent in extended trading after the networking giant announced a $15 billion increase to its stock repurchase program. The company,…
Cisco Forecasts Growth From Software Shift, but Chip Prices Pressure Profits
Cisco Systems Inc. on Wednesday forecast that within four years, about half its revenue will come from software and other recurring sales, but its chief financial officer told Reuters high chip prices in its hardware business will keep pressuring overall profits. Cisco is the biggest maker of networking gear for data centers and corporate campuses,…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`