Feeds

Cisco does a road runner from Wile E Coyote plan

Campus expansion plans scaled back

  • alert
  • submit to reddit

Top three mobile application threats

Cisco has scaled back plans to expand its campus into one of the few undeveloped portions of Silicon Valley.

The Coyote Valley Development, which was opposed by environmentalists, was originally set to involve the construction of 6.6 million square feet of office space to house 20,000 workers but will now be between 1-3 million square feet, enough for between 3,000 and 9,000 staff.

A slowdown in telecoms spending has forced Cisco to rethink its expansion plans. Operations in Texas, Boston, Britain and Australia, are also scaling back their expansion.

"After the economy slowed, we revised forecasts of our space needs and made changes to our real estate plans," Cisco chief financial officer Larry Carter said in an explanation to staff of the change of plan. "We still believe Coyote Valley is a great location for a corporate campus and will still be able to build there in the future if we need to."

Carter stated that Cisco would only begin building when it needs more space and there has to be some doubt whether the expansion will happen at all. Earlier this year, Cisco announced plans to make 8,500 workers redundant. At its peak the firm employed 40,000.

In August, Cisco posted profits for its fourth quarter of just $7 million, down 99 per cent from $796 million profits in the same period last year

Cisco is a partner in a partnership that owns the land, and originally hoped to be its sole user. The plan now is for its property developer partners to look for other businesses interested in using the land. ®

External Links

Coyote Valley and Cisco (from environmental campaigners' Web site)

Related Stories

Cisco splits into 11 technology groups
Cisco loses $2.69 billion on declining sales
Where have all the Cisco customers gone?
Cisco boss apologises for slashing jobs
Cisco's Borg-like acquisition spree may be curtailed
Further blackouts likely as Californian power crisis deepens

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.