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Cisco

Former Cisco Engineer Indicted on Hacking Charges

posted onAugust 7, 2011
by l33tdawg

A former Cisco engineer at the center of an extradition controversy has been indicted by a federal grand jury on computer hacking charges.

Peter Alfred-Adekeye faces five counts of illegally accessing Cisco's network after he left the company in 2005, according to the San Jose Mercury News. The indictment was handed down in the U.S. District Court in San Jose.

Cisco to cut workforce by 11500, sell factory

posted onJuly 19, 2011
by l33tdawg

Cisco Systems plans to cut 15 percent of its jobs and sell a factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes.

The cuts are deeper than what financial analysts expected. The company said on Monday that it will cut 11,500 jobs, compared with the several thousand that analysts predicted. The cuts come after Cisco's chief executive John Chambers said in April that the company lost its way.