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Cisco (CSCO) is creating a funding arm that will give money and resources to engineers working...
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Wednesday, August 29, 2012, 6:50 PM ETCisco (CSCO) is creating a funding arm that will give money and resources to engineers working on projects that could "entirely disrupt the status quo ... or open up new markets." The announcement comes shortly after Cisco funded Insieme, a division working on a switch that could very well "disrupt" sales of traditional Cisco switches. It's likely an effort to slow down the loss of top engineers to upstarts such as Palo Alto Networks, Arista, and Nicira. (more on Cisco)
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