On Wednesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -0.96% to $28.51.
The effect of digital disruption on business has the potential to overturn incumbents and reshape markets faster than perhaps any force in history, according to a new report released today by the Global Center for Digital Business Transformation (DBT Center), an initiative between Cisco (NASDAQ: CSCO) and the International Institute of Management Development (IMD) in Lausanne, Switzerland.
The report, entitled Digital Vortex: How Digital Disruption is Redefining Industries, is the first from the DBT Center. The report investigated the state of digital disruption and the outlook for industries through a survey of 941 business leaders in 12 industries and 13 countries counting Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, United Kingdom, and the United States.
The results of the study show that digital disruption will displace about 40 percent of incumbent companies in each of the 12 industries studied for the report within the next five years. Despite digital disruption’s potential to overturn incumbents and reshape markets, the survey indicated 45 percent of companies do not believe digital disruption merits board-level attention.
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 SeaDrill Limited (NYSE:SDRL), declined -1.93% to $10.69, during its last trading session, as oil futures settled lower on Wednesday after a weekly U.S. government report revealed an unpredictable climb in gasoline supplies and an enhance in oil production.
August crude lost 74 cents, or 1.2%, to settle at $60.27 a barrel on the New York Mercantile Exchange following a volatile session in the wake of supply data.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regardingsemi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Finally, The Walt Disney Company (NYSE:DIS), ended its last trade with -0.56% loss, and closed at $113.77, hitting its highest level.
The Walt Disney Company, Board of Directors declared a cash dividend of $0.66 per share for the first six months of fiscal 2015, payable July 29 to shareholders of record at the close of business on July 6. With this dividend, Disney will start paying dividends on a semi-annual basis, rather than once a year.
“Disney delivered noteworthy enhances in revenue, net income and EPS for the first half of fiscal 2015. We are happy to raise our dividend 15% on an annualized basis, in addition to increasing the frequency of our dividend payments,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
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