Cisco to Offer YouTube-like Service for Businesses

Sep.26.06 | About: Cisco Systems, (CSCO)

From our daily One Page Annotated WSJ summary:

Cisco Systems Enters Market For Business-Video Messaging

Summary: Cisco (NASDAQ:CSCO) credits YouTube for popularizing video as a communications tool among individuals; now they want to capitalize on the trend with a similar offering geared for businesses. Through its advanced technologies business Digital Media Systems, Cisco is launching today media manager software and video encoders. Cisco anticipates annual revenue from DMS of $1 billion over the next 5-7 years. Wainhouse Research analyst Ira Weinstein says the business video market could grow at an annual clip of 30%, and believes Cisco has an advantage with its name recognition.
Related links: Full WSJ article > • Last week Cisco was one of Seeking Alpha's most popular stocks. • Also last week, Jim Cramer bullish on Cisco, commented that it's "bigger and better than ever." • Should Cisco and Motorola be Worried About Apple?Playing the Video Communications Sector with RadvisionCisco in Your Living Room • Conference call transcripts: Cisco Q406

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