IT Giants Ask the Treasury for Financial Redemption
In a week’s time, SalesCrunch, a web-based sales platform, will introduce a payment system after having allowed customers to use its beta services for free for the past few months. The major advantage of SalesCrunch is that it’s easy to use in the sense that it does not require download and installation, representing real competition for WebEx, the latter being acquired by Cisco in 2007.
Speaking of money matters and Cisco, news reports say that the US Treasury Department replied negatively to a corporate lobbying campaign that fought for allowing offshore profits to be brought back to the U.S. at a lower tax rate, motivating that such a measure would seriously damage the current efforts of the US on the tax code. Some of the most noteworthy US companies that ‘exported’ their ‘money’ are Google, Apple and Cisco.
Congressmen should act quickly in order to bring back offshore profits of companies such as Cisco that have grand plans of expansion. Currently holder of $40 billion in cash stockpile and short-term investments, Cisco will be definitely seeing returns on investments.
A study carried out by Intel reveals that by 2015, the web will gather around 500 billion hours of video, an unimaginable quantity that needs proper handling. As expected, Cisco is not sitting around and watching, having come up with a series of solutions for big data management. Another area Cisco announced to cover is wireless networks, both in personal and business environments, offering new wireless hardware and software solutions.
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