One of the market leaders for networking equipment and services for the Internet and corporate networks. Started in 1984 by a small number of scientists at Stanford University, Cisco Systems, Inc. remains committed to developing Internet Protocol (IP)–based networking technologies, particularly in the core areas of routers and switches. Today, the U.S. company has more than 34,000 employees worldwide. Cisco’s 2003 market share of 72% in the core router market dropped to a still significant 62% in that market in 2004. Cisco’s revenue market share grew from 65.8% in 4Q05 to 69.9% in 1Q06, Cisco’s highest revenue market share in the last five quarters.
Cisco Systems Inc. News @ Cisco: Corporate Overview. [Online, 2004.] Cisco Systems, Inc. News Website. http://newsroom.cisco.com/dlls/company_overview.html; Oates, John. Cisco market share slipping. The Register. [Online, November 11, 2004.] http:// www.theregister.co.uk/2004/11/24/juniper_hits_cisco/.