NEW YORK, NY / ACCESSWIRE / March 30, 2017 / Microsoft’s plans to close its Sweden Skype offices are at the finalization stages. The move is part of a long term strategy to reduce the geographic spread of Skype. Microsoft says plans are underway to close some of its offices in select countries. Cisco is currently on an all-out war with Arista Networks. Cisco is planning to change its sales strategy to attract clients who do not desire to purchase high-end hardware together with the operating system.
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Microsoft’s stocks surged 0.28% yesterday, to close trading at $65.47. The company has confirmed closure of its Skype offices in Sweden, in a newly released report. The closure comes amid reports of the tech giant’s long-term plan to cap the geographical spread of Skype’s offices. The Stockholm branch has been consistent with revenues, registering a $28 million (SEK 250 million) turnover last year.
Talks with relevant trade unions are ongoing, with the closure affecting 120 employees who are set to lose their jobs. A Microsoft spokesman said the move was “difficult”, but lines up with the company’s long term “geographic footprint reduction ambitions”.
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Cisco’s stocks have been dipping since the start of trading earlier yesterday. The stock price closed on a negative, registering a 0.82% dip to settle at $33.74. Cisco is planning to change its selling strategy in a bid to offset competition from Arista Networks. The strategy, announced by The Information in a newly released report, involves Cisco selling its operating system to customers without the need for a purchase of its high-end hardware equipment.
Investors deem the move a positive, bearing the potential to lure in Microsoft and Facebook, the…