Cisco Systems, Inc. (NASDAQ: CSCO) the world’s largest networking company, initiated a 1 percent equity investment in Parallels, a provider of hosting and cloud service enablement and desktop virtualization.
In a statement, Hilton Romanski, vice president of corporate business development for Cisco Systems Inc. (CSCO) said, “We are particularly excited about Parallels global presence — including its operations in Russia — which affords Cisco a continued opportunity to fuel innovation there and around the world.”
Parallels is popular for its desktop virtualization software, which is used to run different operating systems and applications on computers, including Windows and Macs, without rebooting.
Cisco also announced that it would provide telemedicine technology for Albert Einstein Israelita Hospital in Brazil (HIAE).
Apple Inc. (NASDAQ: AAPL) first quarter results are due on January 23. A Japanese newspaper has reported that Apple Inc.(AAPL) has cut down its LCD panel orders from Sharp by half, the reason being lower-than-expected sales of the iPhone 5.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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SOURCE Investor Alley, Inc.