Wave Systems Corp. (fka WAVXQ)

[rwk]

CISCO's announcement

http://www.bloomberg.com/apps/news?pid=20601204&sid=a_rAgld.og_0

What's good for the internet is good for Wave....

Cisco Introduces Faster Router to Lure Carriers


March 9 (Bloomberg) -- Cisco Systems Inc., the world’s biggest network-equipment maker, will start selling a router that it says will accelerate the speed of data and video downloads on the Internet.

The router starts at $90,000, the San Jose, California- based company said in a statement on its Web site today. The company said it has invested $1.6 billion in the product line, which AT&T Inc. has already tested.

Cisco Chief Executive Officer John Chambers, aiming to fuel network-gear sales, has called video “the killer app” because it needs more bandwidth than voice and data, spurring demand for the company’s products. Cisco is also expanding in markets such as mobile Internet and videoconferencing.

Last year, Cisco acquired Pure Digital Technologies Inc., the maker of the Flip Video palm-size camcorders. Flip users can upload videos directly to Web sites, increasing network traffic.

Cisco’s announcement comes after Google Inc. said it plans to build an experimental broadband service that will offer Internet speeds 100 times faster than current networks. Google, the world’s most popular search engine, is developing the network to show the potential of high-speed Internet service.

Cisco fell 12 cents to $26.01 at 11:27 a.m. New York time on the Nasdaq Stock Market. Yesterday, the shares reached their highest level since June 2008.