Router Sales Seen Reaching &#36;10 Billion in 2009 - Study
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Revenues from routers, the devices that direct Internet traffic, will likely rise in the mid- to high-single-digit percentage range over the next five years, fueled by demand from traditional phone companies and other service providers, a report released on Wednesday said.
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Holiday shoppers gravitated toward the Internet in big numbers late last year, with online retailers reaping some US&#36;23 billion from U.S. consumers. That figure marks a 25 percent increase from the &#36;18.5 billion spent online during the same period in 2003.
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For the first time, sales top &#36;1 billion in one quarter, researcher says.
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By the end of the year, broadband Internet use in the U.S. will cross the 50 percent mark, according to market research firm Parks Associates, with more than 60 million households connecting to the Internet at 200 kilobits per second or faster.
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NEW YORK - More than 33 million people have used mobile phones to access the Internet this year, according to Nielsen Media Research, which on Wednesday announced its new effort to measure such use.
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Networking giant Cisco Systems posted solid financial results Wednesday, crediting the company&#39;s broad customer base and new products for strong sales growth.The company&#39;s earnings were in line with financial expectations. Excluding charges, earnings were $2.4 billion, or $0.38 per share, on $9.8 billion in revenue. Financial analysts had been expecting earnings of $0.38 per share on $9.78 billion in revenue, according to a survey by Thomson Financial.Sales were up 16.5 percent year over year for Cisco&#39;s second fiscal quarter of 2008, which ended Jan. 26.Cisco, the world&#39;s largest router manufacturer, has benefitted from the growth of Internet traffic over the past decade and -- more recently -- from the flurry of investments in Web 2.0 technologies. But there have been signs recently that growth may be slowing in this area. Just last week, Google alarmed Wall Street by&#160;falling just short of expectations, and worries of a U.S. recession may have caused jitters in U.S. stock markets recently.In a statement, Cisco chairman and CEO John Chambers expressed optimism for the months ahead, however. &quot;Our innovation pipeline is in excellent shape,&quot; he said, &quot;and execution against our long-term strategy remains unwavering.&quot;
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The smaller gear maker claims that its new routers will cost 30 percent to 50 percent less than similar offerings from the market leader.
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A research report from IDC concludes that sales of Infiniband technology are poised to explode from less than $100 million in 2006 to $612 million in 2011.
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IBM on Monday said fourth-quarter revenue, aided by exchange rates and sales outside the U.S., stood at $28.9 billion, an increase of 10 percent over the same period in 2006.
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Worldwide semiconductor sales will reach US$226 billion in 2004, a 27.4 percent increase from 2003, according to the latest prediction from Gartner.
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Sales of portable digital audio players like Apple Computer Inc.&#39;s trendy iPod are booming and are expected to generate $58 billion in revenue worldwide by 2008, according to a research report released Tuesday.
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Worldwide sales of semiconductors rose 9.2 percent to $21.5 billion in January from a year earlier as economic confidence buoyed demand for consumer products like mobile phones and computers, Bloomberg News reported from Berlin.
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Revenue from wireless data services could reach $189 billion in 2009, according to a new report.
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The number of personal computers worldwide is expected to double to about 1.3 billion by 2010, driven by explosive growth in emerging markets such as China, Russia and India, according to a report released on Tuesday by Forrester Research Inc.
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Homes and businesses with speedy connections increased from 28.2 million to 32.5 million lines during six-month period ending in June 2004, report says.
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The number of personal computers  worldwide is expected to double to about 1.3 billion by 2010,  driven by explosive growth in emerging markets such as China,  Russia and India, according to a report released on Tuesday by  Forrester Research Inc.
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Study warns that investment in network capacity may not keep up with increasing demands for bandwidth.