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>> MICROSOFT Latest News

JUL 08, 2014 - TheStreet

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Cisco Buying Rackspace Would Boost Both Companies

NEW YORK (TheStreet) -- At the end of its most recent quarter, Cisco had $50 billion in cash on the balance sheet and another $13 billion in operating cash flow. So there's very little that the networking giant can't afford. But the company has struggled with growth. That, however, has not stopped investors from wondering "what if?" With the stock closing Monday at $25.23, shares are now up roughly 13% on the year to date. Although growth has come in limited supply, Cisco's cash position and its strong 3.10% yield makes it tough to overlook the stock. For this reason, and the renewed ... Read More

Tags: Cisco Buying Rackspace Would Boost Both Companies,  Microsoft Latest News