Cisco

Apple, not oil, fuels Alaska's bonanza

A $73.5 million investment in shares of Apple Inc. is now worth $207 million

Oil revenues from the Trans-Alaska Pipeline provided the capital for the Alaska Permanent Fund, a giant savings account created by the state's voters 1976 to make sure the legislature didn't spend the windfall all at once. But what's fueled the fund's growth in recent years -- and helped it hit a record $40.1 billion this week -- are its MORE

Cisco: Happy to be the Lamborghini of teleconferencing

Image: Gary King

Buyers of Cisco Systems' (CSCO) high-end videoconferencing solution, TelePresence, tend to be deep-pocketed enterprises like SAP (SAP AG) and Bank of America (BANK). Why? It costs about $300,000 to set up the screens, cameras, infrastructure, lights and furniture necessary to TelePresence-enable just one room.

So it's no surprise that smaller players--like newcomer Vidyo--are trying to undercut Cisco. Last week the New Jersey-based startup introduced a lower-cost telepresence solution for the MORE

Today in Tech: Cisco CEO says company a disappointment

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"We have disappointed our investors and we have confused our employees."
-- Cisco CEO John Chambers in a company-wide email. (Wall Street Journal)

Cisco CEO John Chambers sent out a company email admitting the company has lost its way and needs a major overhaul of its operations. He MORE

Today in Tech: iPhone 5 cheaper, voice features, too

A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter in your inbox every morning.

President Obama wined and dined many of Silicon Valley's top execs last night during his first official trip to the San Francisco Bay Area. On the guest list: Apple CEO Steve Jobs, Facebook CEO Mark Zuckerberg, Twitter CEO Dick Costolo, Google CEO Eric Schmidt, Oracle CEO MORE

Today in Tech: iPhone Nano details, Facebook's $60 billion valuation

A curated selection of the day's most newsworthy tech stories from all over the Web.

Today in Tech: Intel Sandy Bridge flaw to cost $1 billion

A curated selection of the day's most newsworthy tech stories from all over the Web.

"Once Steve Jobs goes away, which is probably not far away, then Apple will have to make a strategic decision on whether to open up the platform. ... What's the reason for him [Jobs] to trash Flash? There's no reason other than ego." -- Netgear co-founder Patrick Lo in Sydney Australia. (The Register)

"Steve Jobs doesn't give MORE

New c-suite seat: CTO of the cloud

C-level positions don't get created overnight. So what is it about the cloud computing revolution that merits a seat in the executive suite?

The cloud: A once, well, hazy term that describes the increasingly vast array of software, applications, and data storage tools that live not on users' home PCs but on the Internet, is taking form. Cloud computing, as tech companies would have us understand it, encompasses all kinds of MORE

Shopping for tech

After two years of tight budgets, big companies have started spending money on information technology again. Who will be the winners in the new replacement cycle?

By John Curran, contributor

The forecast was alarming. When Cisco CEO John Chambers announced the networking giant's latest quarterly earnings on Nov. 10, he warned Wall Street that, due in part to cutbacks in spending by budget-strapped governments, sales for the next three months would probably MORE

Today in Tech

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.

Playing catch up with Google, Yahoo, and Microsoft's leading web-based email clients, Aol MORE

Today in Tech

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.