Shares of Cisco Systems, Inc. (NASDAQ:CSCO) ended Wednesday session in red amid volatile trading. The shares closed down -0.06 points or -0.19% at $31.00 with 24.36 million shares getting traded. Post opening the session at $31.01, the shares hit an intraday low of $30.81 and an intraday high of $31.23 and the price vacillated in this range throughout the day. The company has a market cap of $153.57 billion and the numbers of outstanding shares have been calculated to be 5.03 billion shares.
Cisco Systems, Inc. (CSCO) on Sep 13, 2016 announced the pricing of five series of senior unsecured notes in an aggregate principal amount of $6.25 billion. The offering is expected to close on September 20, 2016, subject to customary closing conditions.
Of these notes, $500 million will mature in September 2019 and will bear interest at a floating rate equal to three-month LIBOR plus 34 basis points, $1.5 billion will mature in September 2019 and will bear interest at an annual rate of 1.400%, $2 billion will mature in September 2021 and will bear interest at an annual rate of 1.850%, $750 million will mature in September 2023 and will bear interest at an annual rate of 2.200% and $1.5 billion will mature in September 2026 and will bear interest at an annual rate of 2.500%.
Shares of Microsoft Corporation (NASDAQ:MSFT) ended Wednesday session in red amid volatile trading. The shares closed down -0.27 points or -0.48% at $562.26 with 24.27 million shares getting traded. Post opening the session at $56.39, the shares hit an intraday low of $56.03 and an intraday high of $56.63 and the price vacillated in this range throughout the day. The company has a market cap of $434.41 billion and the numbers of outstanding shares have been calculated to be 7.79 billion shares.
On Sept. 12, 2016 Microsoft Corp. has entered a six-year agreement with HP Inc. to deploy Microsoft Dynamics to thousands of employees across HP, dramatically enhancing collaboration across marketing, sales and service operations. With Dynamics, as well as Azure, Office 365 and other Microsoft Cloud solutions, HP has invested in the sales and service collaboration platform it needs to deliver a seamless sales experience for customers and partners while increasing the company’s performance and economies.
“We have chosen Microsoft Dynamics as our CRM solution for our direct selling, partners and services,” said Jon Flaxman, chief operating officer, HP. “This brings us a cloud-based solution that delivers a more effective and efficient collaboration engine across our business.”
HP is undergoing a journey to transform its sales and partner environment, driving increased productivity and collaboration in a virtually all-digital world. As part of this transformation, the company is moving to a more integrated sales experience for both HP sales reps and the channel partner community.
Complementing Dynamics CRM, Office 365 provides worldwide sales, service and marketing professionals at HP with an immersive, connected productivity experience for teamwork and collaboration. In addition, Power BI will empower HP marketers to uncover powerful business insights and predictions. Azure will provide the IT organization with a global, open, hybrid cloud for all of the solutions, while also giving HP a platform for new capabilities and services at a low total cost of ownership.
“HP continues to innovate in its customer engagement, with the tools and business processes it provides to its employees and partner community and, of course, the products and services it delivers,” said Judson Althoff, executive vice president of Worldwide Commercial Business at Microsoft. “We share this dedication to digital transformation with HP and are incredibly proud to work with it as it delivers amazing technology experiences to people around the globe.”