Boston, MA, 04/09/2014 (usastockreport) – For the tech giant Cisco Systems, Inc. (NASDAQ:CSCO) the start of the year seems to be a bit troubled as the earnings of the company have been taking the path downwards. The beginning looks not so good since, the overall performance of Cisco in this quarter remains weak across all the three geographic regions. The three regions are: the U.S., the APJC that is Asia Pacific, Japan and China and thirdly the EMEA, that is Europe, the Middle East and Africa.
Drop In Earnings
Cisco has shown the greatest drop in its earnings in the American region this year though very recently the company had announced a raise in its dividends. If the performance of the Company goes on like this, Cisco Systems, Inc. (NASDAQ:CSCO) might have to endure further losses and downfall by the end of this quarter and ultimately by the end of this year.
Patent Infringement Battle
Spherix Inc (NASDAQ:SPEX) has reportedly sued Cisco over allegations of patent infringement by Cisco of 11 patents owned by Spherix Inc, which it had acquired from Nortel Networks. Spherix contends that the patent infringements undertaken by Cisco account for its earnings equivalent to $43 billion, which in earned through its sales of switches and routers in the U.S. Spherix says that it had acquired the rights in the patents, which have been infringed by Cisco Systems, Inc. (NASDAQ:CSCO), in the previous year by purchasing them from the bankrupt Canadian Company. Nortel Networks invented the Intellectual property, says Spherix.
Arista Challenges Cisco For A Showdown
Arista Networks Inc. is looking forward to challenge the tech giant Cisco and boasts to raise $200 million in the initial public offering of the company’s shares. Arista makes network equipment and has been in business for over 10 years now. Arista made soaring profits in the previous year with sales amounting to more that $360 million.