BusinessThe Street•2 hours agoCramer: WannaCry Crisis Shows Why Cisco Is a Great Long-Term Play
Jim Cramer says buying Cisco (CSCO) is a good long-term way to play a cybersecurity sector that's gotten Wall Street's renewed attention in the wake of this month's WannaCry ransomware incident. "Cisco is offering a soup-to-nuts approach that is not what the other guys are offering," Cramer said in his exclusive monthly conference call with members of his Action Alerts PLUS club for investors. "This is really taking dead aim at Palo Alto Networks (PANW) ." Cramer said that in addition to serving as a key cybersecurity player, Cisco boasts a "huge" amount of overseas cash that it will one day manage to repatriate to America. He added that the stock also currently offers about a 3.4% dividend
- FinanceBusiness Insider•3 hours ago
Inside Facebook's plan to eat another $350 billion IT market
On an ordinary work day in mid-2016, a handful of Facebook engineers were sitting on the couches in a corner of the company's Menlo Park, California, headquarters when one of them tossed out a wacky idea. "It can't be so difficult to build our own system," the engineer said, referring to the telecom equipment that sends data across cables and wireless networks, and which the engineer suspected could be made to operate faster and cheaper than the pricey equipment sold by big vendors like Nortel, Huawei, Ericsson, Cisco or Juniper Networks. The engineer was suggesting building the telecom industry's first "white box" transponder, made with off-the-shelf parts such as chips from Broadcom and Acacia Communications, optical equipment from Lumentum, and software from one of the many new networking startups cropping up these days.
- BusinessCNBC•yesterday
Couple who paid off $18,000 in 54 days shares their No. 1 money saving tip
David Cahill and his wife Meg managed to eliminate $18,000 worth of student loans in 54 days , thanks mostly to extreme saving. "Our mantra became, Sacrifice now in order to be able to win later," Cahill tells CNBC. As soon as he and his wife committed to paying off their loans aggressively, "we actually sat down with our friends and told them about the ambitious plans that we had and asked them to provide us accountability," Cahill says.
