Cisco to buy Lightwire for $271 million

Cisco Systems Inc. is all set to acquire another company and this time its Lightwire. Cisco, the World’s Largest Networking-Equipment maker, agreed to buy Allentown, Pennsylvania-based company LightwireInc for $271 million to add optical connectivity tech used in high speed networks. The sum will be paid in cash and retention-based incentives and will probably be completed … Continue reading

Apple’s share price could hit $1000

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Speculations have come true and analysts have been proven wrong and right. Piper analyst Gene Munster agreed that Apple’s stock could hit $1000 a share. The share traded at all-time intraday high of $495, so its halfway there. If the share prices hit $1000 Apple could be worth a Trillion dollars. A chat between Business Insider and … Continue reading