On Monday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -0.21% to $28.48.
Cisco Systems, feeling the pinch of China’s drive to become independent in technology, Monday confirmed reports that it is flattening its top-level administration in China, according to San Jose Mercury News.
Falling China sales, due to a shift from foreign to local producers in China, is causing the San Jose networking giant to trim its executive staff there, the Wall Street Journal stated on Friday.
The investment firm Morningstar also stated the high-level cuts on Saturday. San Jose Mercury News Reports
Cisco confirmed the reports, but the move also appears to reflect a leveling out of top administration across the board under incoming CEO Chuck Robbins, who is trimming top administration to speed decision-making. San Jose Mercury News added.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Kinross Gold Corporation (NYSE:KGC), remained flat at $2.36, during its last trading session.
Gold was little changed on Monday, as the impact of a stronger dollar ahead of a Federal Reserve policy meeting was offset by persistent uncertainty over Greece after debt talks with its creditors stalled.
Spot gold was up 0.1 per cent at $1,181.25 an ounce by 1401 GMT, while US gold futures for August delivery were up $1.80 an ounce at $1,181.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Finally, Texas Instruments Inc. (NASDAQ:TXN), ended its last trade with 0.07% gain, and closed at $53.04.
On June 4, Texas Instruments Incorporated, declared the availability of its new informational advanced driver assistance systems (InfoADAS) software development kit (SDK). The new SDK delivers an automotive-ready InfoADAS framework for integrating ADAS algorithms into existing in-vehicle infotainment (IVI) systems. A growing industry trend, InfoADAS adds non-active safety information content such as surround view, pedestrian and lane detection and more to traditional IVI features to enhance the driving experience. TI’s InfoADAS SDK enables developers to:
- Extend investments in infotainment with the addition of innovative InfoADAS use-cases to enhance the driver’s awareness of the conditions inside and outside the vehicle, without compromising the performance of either IVI or InfoADAS systems.
- Reshape traditional infotainment architectures by integrating additional functions on TI’s DRA7xx “Jacinto 6″ infotainment processors.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power administration products to enhance the efficiency of powered devices using battery administration solutions, portable power conversion devices, power supply controls, and point-of-load products.
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