Cisco inventory write off 2001
WebAs a result, the company had to write off inventory worth $ 2.2 billion in May 2001. Cisco blamed the problems on the 'plunge in technology spending', which Chambers called as … WebOn April 16, 2001, Cisco announced it would write off $2.5 billion of its swollen inventory, although it was still left with an inventory of $1.6 billion, one-third higher than the previous summer. In addition, with so many bankruptcies, barely used network equipment had come on the market at steep discounts of around 15 cents on the dollar.
Cisco inventory write off 2001
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WebA Company in Trouble. In August 2001, the San Jose, California based, computer-networking company Cisco Systems Inc (Cisco) surprised industry observers by …
WebAug 7, 2001 · For all of fiscal 2001, Cisco reported an operating profit of $3.1 billion, or 41 cents per share, on revenue of $22.3 billion. That compares with a profit of $3.9 billion, or … WebCisco Network Collector (CNC) is an automated network discovery and inventory tool. CNC tracks all network elements discovered or added from a seed file, providing timely delivery of network information. 2. The …
WebSep 1, 2001 · Throughout the first half of 2001, a procession of high-tech companies — including such bellwethers as Nortel Networks, Lucent Technologies, Corning, and JDS … WebAug 7, 2001 · NEW YORK (CNNfn) - Cisco Systems Inc. is expected to show a huge decline in earnings when the maker of Internet equipment reports after the market closes Tuesday. Shares of Cisco slid 2.5 percent ...
WebCisco had to write off inventory worth U.S.$2.2billion and lay off8,500 people. By the end of 2001, the market capitalization of the company was down to U.S. $154 billion and per …
WebJan 3, 2002 · On Tuesday, the network-equipment giant provided the grisly details behind its astonishing $2.25 billion inventory write-off in the third quarter, essentially admitting that it too was caught... did eaglemoss go out of businessWebMay 8, 2001 · CISCO'S BATH: Cisco took the mother of all baths last month when it said it is writing off $2.5 billion in excess or obsolete inventory -- 80 percent raw materials and … diddy white partyWebTrade-off: Inventory Cost Vs. Service Level QUALITY FLEXIBILITY (Oct 2001: $1.16 trillion in US!) ... the network-equipment giant Cisco provided the grisly details behind its astonishing $2.25 billion inventory write-off in the – … diddy worth 2023WebCisco goes public. 1992: Plans a global supply network; outsources manufacturing and distribution. 1993: Acquires Crescendo, a low end LAN switch maker for $ 100 million. 1994: Launches Cisco Connection Online website. 1995: John Chambers becomes the CEO and accelerates the acquisition strategy by acquiring four companies in the same year. 1996 dideagle twitterWebApr 21, 2001 · April 21, 2001 On its face, it would seem like an unmitigated disaster. Cisco Systems, the leading maker of Internet equipment, announced this week that it is stuck … diddy will smith chris rockWebJan 3, 2002 · On Tuesday, the network-equipment giant provided the grisly details behind its astonishing $2.25 billion inventory write-off in the third quarter, essentially admitting … did eagles clinch playoffWebJul 1, 2001 · When the market dried up, Cisco found itself saddled with the extra capacity that it had put in place to meet potential demand. The resulting $2.25 billion overhang … did eagles choke