Cisco was founded in 1984 by a group of computer scientists from Stanford University in the middle of the technological revolution that was happening in the San Francisco area. The founders created the first router to solve a problem where a husband and wife, who had accounts on different servers in separate buildings of Stanford University, were unable to send electronic mail to each other. The solution to this problem became the first computer router. This event and the help of a few venture capitalists gave birth to Cisco. Today Cisco is the leading provider of networking hardware and software; they provide the physical equipment that is fundamental in networks and the internet.
Cisco went public on February 16, 1990 at a split-adjusted price of about 6 cents per share. Cisco's stock, symbol CSCO on the NASDAQ, is trading at around $11.50 currently and has a $21.92 52 week high.
Cisco's stock has been hard hit in the internet bust of the late 90's and the slumping economy over the last few years. Things are looking up for Cisco shareholders as the stock markets start to even out and money starts to flow back into the major US markets. Cisco is part of the NSADAQ 100, a major index fund. Uncertain investors looking to reenter the market are sure to invest in proven companies and major index funds, helping boost the Cisco stock price.
The companies' official SIC code is 3576 (Network Equipment). According to The Business and Resource Center It can be classified under several other areas including 3577 (Computer Peripheral Equipment), 7372 (Prepackaged Software), 3661 (Telephone and Telegraph Apparatus), and 7371 (Computer Programming Services).
Cisco's competitors include Extreme Networks, Foundry Networks, Juniper Networks, Lucent Technologies, Nortel Networks, and Riverstone Networks. Because much of Cisco's technology is proprietary, there...