Cisco Systems Inc
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Company profile

Cisco Systems, Inc., is engaged in designing and selling a range of technologies across networking, security, collaboration, applications and the cloud. It operates through three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. Its product and technologies include infrastructure platforms; applications; security and other products. Infrastructure Platforms consists of its core networking technologies of switching, routing, data center products and wireless that are designed to work together to deliver networking capabilities and transport and store data. Application product category consists primarily of software-related offerings that utilize the core networking and data center platforms to provide their functions. Security product category primarily includes unified threat management products, threat security products and Web security products. Its subsidiary, ThousandEyes, Inc., offers Internet and cloud intelligence platform.

Closing Price
$45.43
Day's Change
0.28 (0.62%)
Bid
--
Ask
--
B/A Size
--
Day's High
45.65
Day's Low
44.88
Volume
(Heavy Day)
Volume:
30,271,669

10-day average volume:
20,538,554
30,271,669

Ford ceases production in Brazil

2:39 pm ET January 11, 2021 (MarketWatch)
Print

Ford Motor Co. (F) said Monday it was ceasing production in Brazil, closing two plants immediately and another by the end of the year, winding down sales of some Brazil-made vehicles as inventory is sold. Manufacturing operations in Argentina and Uruguay and the sales companies in other South America markets are not affected, Ford said. The company said it will keep some customer-support, product-development, and related operations in Brazil as well as its regional headquarters in São Paulo. The auto maker said it will "facilitate possible reasonable alternatives" for interested parties to take over the available plants. In connection with this decision, Ford expects to pre-tax charges around $4.1 billion, including about $2.5 billion in 2020 and about $1.6 billion in 2021. Shares of Ford added to gains on the news, recently up 2.3%. The stock has lost 0.3% in the past 12 months, contrasting with gains around 17% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 11, 2021 14:39 ET (19:39 GMT)

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