Home > Brands > Amazon > Amazon Denies Networking Entry, Cisco Shares Soar

Amazon Denies Networking Entry, Cisco Shares Soar

Debunking previous reports, Amazon has confirmed it’s not developing its own networking switches to rival Cisco – news which has caused the IT giant’s shares to spike over 3%.

As per MarketWatcha discussion between Cisco CEO, Chuck Robbins, and Amazon Web Services CEO, Andy Jassy, has confirmed the companies’ “longstanding” relationship, with Amazon “not actively” building a commercial network switch.

Last week, reports alleged Amazon was building its own networking switches, with the aim of undercutting Cisco by over 50% – news which caused Cisco shares to plummet 4%.

The affordable switches were rumoured to launch in the next 18 months, with pre-installed software to connect to Amazon Web Services’ storage and compute resources.

It seems claims were unfounded, with Amazon and Cisco firmly confirming their “longstanding customer and partner relationship”.

 



You may also like
EXCLUSIVE:Questions Raised About Hidden Trackers In Reolink Security Camera Software
Amazon Readies Its AI-Empowered Alexa
Agreement ‘Fine Print’ Saves Amazon From Prime Subscribers Class Action
Shein & Temu Set To Lose More Oz Shoppers
Temu vs Shein
Temu & Shein To Be Held Accountable For Dangerous Goods Sold On Platform

Popular Posts

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
/
Seagate To Acquire Intevac In All-Cash Deal
Latest News
/
/
YouTube Shorts with Veo 2
Google Boosts Online AI Video With Veo 2
Latest News
/
/
Leaked Renders Of Samsung Budget Galaxy A36 Revealed
Latest News
/
/
French AV Brands Getting Traction In OZ Advance Paris The Latest
Latest News
/
/

Digital Magazines

Recent Post

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
//
Comments are Off
  Six months after Worldwide Appliances took on the Everdure Barbecue brand the business has announced price rises of between...
Read More