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Cisco Systems Inc is the worldwide leader in networking for the Internet Cisco operates in one industry segment and creates hardware and software solutions that link computer networks so that people have easy access to information without regard to differences in time place or type of computer system Networking is a multi-billion dollar global market whose growth is spurred by the belief that the Internet is changing the way we all work live play and learn Over the last year there has been a key shift in the role of the Internet and in how the Internet is perceived What was once a fairly complex tool used by an elite group of highly technical individuals is now a technology driving economic change globally by creating new jobs and market opportunities The Company markets its products through its direct sales force single and two-tier distributors value-added resellers service providers and system integrators This multiple-channel approach allows customers to select the channel that addresses their specific needs and provides the Company with broad coverage of worldwide markets Customers benefit from Cisco networking solutions through more efficient exchange of information which in turn leads to cost savings process efficiencies and closer relationships with customers prospects business partners suppliers and employees Cisco solutions are the networking foundation for companies universities utilities and government agencies worldwide The Company was founded in late 1984 by a small group of computer scientists from Stanford University seeking an easier way to connect different types of computer systems Cisco Systems shipped its first product in 1986 Since then Cisco has grown into a multinational corporation with over 10000 employees in more than 200 offices in 54 countries Ciscos products encompass the broadest range of networking solutions available from any single supplier These solutions include routers LAN and WAN switches dial and other access solutions SNA-LAN integration solutions Web site management tools Internet appliances and network management software The thread that
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