Polycom (PLCM +5.9%) surges after announcing a product refresh (I, II, III, IV) that includes...

|By:, SA News Editor

Polycom (PLCM +5.9%) surges after announcing a product refresh (I, II, III, IV) that includes CloudAxis, a software-based solution that combines enterprise videoconferencing with support for communications between Web-based solutions such as Skype, Facebook, and Google Talk. Polycom plans to sell CloudAxis, which could put it on better footing against Cisco and help stem share losses to upstarts such as Vidyo, to enterprises and service providers starting in Q1.