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Ericson and Cisco
Partner
Ericsson, Cisco ink strategic network
partnership
Nov 9 2015, 04:09 ET | By: Yoel
Minkoff, SA News Editor
Dubbing it the "Networks of the Future," Ericsson
(NASDAQ:ERIC) and
Cisco (NASDAQ:CSCO) have agreed
to create a partnership expected to be a key
driver of growth and value for the next decade and generate
revenues of $1B for each company by 2018.
According to a press release, the multi-faceted relationship
will offer customers the best of both companies: routing, data
center, networking, cloud, mobility, management and control, and
global services capabilities.
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I had forgotten that Ericson had a partnership with Juniper.
JNPR shares are down nearly 8% as a result of this
announcement. IMO, this partnership with CSCO should
not be a game changer, I still view the NOK-ALU merger as one which
will challenge Ericson a lot.
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Author:
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LongTerm
CapGains
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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11/09/15 at 9:42 AM CST
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