Cisco expands into energy IT management business
Cisco Systems, Inc. (NASDAQ:CSCO) has kept expanding its business via acquisitions. Recently, it acquired JouleX, one of the leading companies in enterprise IT energy management for network-attached and data center assets. JouleX could be a good support for Cisco’s services portfolio with its network capabilities to control energy usage across global IT systems. Faiyaz Shahpurwala, Cisco’s Senior VP, Industry Solutions said, “JouleX’s technology will strengthen Cisco Services’ Smart Offerings and complements our evolving services strategy. It extends our ‘Internet of Things’ capabilities and is a good alignment to Cisco EnergyWise.” Indeed, with the movement into energy IT management, Cisco would keep delivering more unique and great solutions to keep enterprises running more efficiently.
My Foolish take
Among the three, I like Cisco the most with its global leading positions in IT solutions for enterprise customers. Dell could be an opportunistic play on the recent buyout war, which could lead to short-term volatility in its share price. Hewlett-Packard could be a play on its turnaround, however, with the high goodwill and intangible assets on the balance sheet, I am not excited about Hewlett-Packard now.
Anh HOANG has no position in any stocks mentioned. The Motley Fool recommends Cisco Systems.
The article Dell & Cisco Are Growing in the Declining Global Server Market originally appeared on Fool.com and is written by Anh HOANG.
Anh is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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