Goldman, Verizon Demand Virtual Networking From Cisco [telecom]

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This story caught my eye: major U.S. corporations are demanding that Cisco take over the heavily-unionized switching business, thus allowing the ILEC's to do without their troblesome labor unions.

Bill

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By STEVE ROSENBUSH

The Morning Download: Goldman, Verizon Demand Virtual Networking From Cisco

Good morning. Big companies are ramping up demands that networking equipment makers such as Cisco Systems Inc. offer cheaper, software-based alternatives to traditional products. Some of Cisco Systems Inc.'s big customers, including Goldman Sachs Group Inc., Verizon Communications Inc. and Coca-Cola Enterprises Inc., are adding to the pressure on Cisco Chief Executive John Chambers to accelerate the company's push into software-driven networking, Bloomberg reports.

The networking giant agreed to host the internal phone and video conferencing systems of Coca-Cola Enterprises, for instance, after the bottler threatened to find a new supplier. "By the end of this year, there won't be any more Cisco boxes in our offices," CIO Esat Sezer said.

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