Financial analysis of Cisco Systems (through 1999). History of company. Ratio analysis including--fixed and total asset turnover ratios; debt ratio; times interest earned; price; earnings, etc.
# 10794 | 2,025 words | 6 sources | 2001 |
Published on May 15, 2003 in Business (Companies) , Business (Finance, Investment and Banking) , Computer and Technology (Networks) , Accounting (General)
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From the Paper:"Cisco Systems was founded by Leonard Bosack and Sandra Lerner, who were a young husband and wife at Stanford University in 1984. Bosack developed technology to link the network in the computer lab to his wife's network in the business department. Believing the idea was a good one, they took a mortgage on their house, bought a used mainframe, and got friends and relatives to work for deferred pay, selling their first router in 1986.
Turning to Donald Valentine, a venture capitalist at Sequoia Capital who bought a controlling stake, the Cisco team expanded its marketing thrust to include corporations and in 1987, saw sales of $1.5 million that grew to $28 million in 1989."
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