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CEO Rami Rahim cited panic buying related to the ongoing semiconductor shortage as a potential headwind going into the third quarter. Read more.

Cisco’s current annual research and development budget is about $6 billion, and the bulk of this investment will help support hybrid work-related technologies. Read more.

"We could grow even faster if there were more components available,” Nokia CEO Pekka Lundmark said. Read more.

The move is predicated on vocal demand from customers and allows both vendors to better target rivals like VMware. Read more.