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Cisco (CSCO -5%) and Juniper (JNPR -3.6%) slump as investors weigh the impact of VMware's (VMW...
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Tuesday, July 24, 2012, 10:22 AM ETCisco (CSCO -5%) and Juniper (JNPR -3.6%) slump as investors weigh the impact of VMware's (VMW -0.9%) purchase of Nicira. Nicira has minimal sales right now, but its business model centers around eliminating proprietary Ethernet switches from the likes of Cisco and Juniper, and replacing them with commodity gear managed by Nicira's software. Cisco is working on a similar solution, but its main priority still remains selling its proprietary Nexus and Catalyst switches. (VMW transcript)
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