New sales forecasts convince shareholders of the Arizona telecommunications company to embrace what could soon be its Canadian owner. As long as that preliminary injunction doesn't go through
Cisco Systems Inc. will add 1,000 sales and engineering jobs by the end of the year after posting successful third-quarter earnings numbers that included a US$1 billion increase in sales and net income of US$1.2 billion, or 17 cents per share.
Fujitsu Ltd. announced Wednesday it would lay off 4,600 workers as the company reported its first-ever loss and said financial losses for its 2001 fiscal year would exceed forecasts. The layoffs come on top of 16,400 staff cuts announced by Fujitsu in August.