On Friday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 1.37% to $27.28.
Following a meeting at No.10 Downing Street between UK Prime Minister David Cameron, Business Secretary Sajid Javid, Cisco Chairman and CEO John Chambers, incoming Cisco CEO Chuck Robbins and Cisco UK and Ireland Chief Executive Phil Smith, Cisco has declared a series of planned commitments in the UK that will total over US $1Billion over the next three to five years. The investment will support the next phase of the country’s digitization plans.
This second noteworthy round of activity in the UK follows the $500m commitment made by Cisco in 2011, which has contributed in excess of $5bn in technology and manpower to the UK economy through initiatives such as the British Innovation Gateway (BIG) that assists to foster and nurture UK innovation and entrepreneurship.
The commitment of $150m for Internet of Everything UK start-ups and venture capital equity investments will focus on key priorities for Cisco and the UK. These comprise applications of Internet of Everything (IoE) technologies across the financial technologies, retail, and healthcare industries, and smart city development. In addition, corporate investments will also accelerate innovation in cybersecurity solutions.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI), inclined 0.94% to $25.36, during its last trading session.
Activision Blizzard had its price target raised to $30 from $25 by analysts at KeyBanc Capital Markets who maintained their “overweight” rating.
The company is set up in 2016 for the most profitable first half in company history, which makes the full year more profitable than analysts’ preceding view, according to the analysts note.
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.
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