Cisco SystemsCisco Systems - World-Leading Networking Hardware ProductsCisco Systems, Inc. is the world leader in networking for the Internet. Cisco operates in an industry segment and creates hardware and software solutions that connect computer networks so that people have easy access to information regardless of differences in time, place, or type of computer system. Networking is a multi-billion dollar global market that is constantly growing. driven by the belief that the Internet is changing the way we work, live, play and learn. Over the past year there has been a fundamental shift in the role of the Internet and how the Internet is perceived. What was once a fairly complex tool used by an elite group of highly technical individuals is now a technology driving economic change globally by creating new jobs and market opportunities. The company markets its products through its direct sales force, one- and two-tier distributors, value-added resellers, service providers and system integrators. This multi-channel approach allows customers to select the channel that meets their specific needs and provides the company with broad coverage of global markets. Customers benefit from Cisco networking solutions through more efficient information exchange, which in turn leads to cost savings and process efficiencies and closer relationships with customers, prospects, business partners, suppliers and employees. Cisco solutions provide the networking foundation for businesses, universities, utilities and government agencies around the world. The company was founded in late 1984 by a small group of computer scientists at Stanford University looking for an easier way to connect different types of computer systems. Cisco Systems... middle of paper... Internet. Their relationship with Hewlett-Packard covers a broad range of initiatives including technology development, product integration, professional services and customer support. Last May, GTE announced it would build a nationwide network based on Cisco products, enabling service providers to quickly deploy value-added services and promote next-generation Internet offerings. And the goal of their collaboration with Alcatel is to offer complete network solutions to telecom operators and other Internet service providers around the world. Each of Cisco's strategic alliances will create a sustainable competitive advantage for both companies to optimize products, pricing, distribution and services. Through these relationships, Cisco will empower its customers to become global, networked enterprises well into the next century.