Cisco Reports Strong Q4, Loses Key Exec

Cisco Systems Inc. last week topped Wall Street's expectations for its fourth fiscal quarter, reporting a 69% increase in net income and revenue growth of 61% for the three-month period that ended last month. But Cisco also said Donald Listwin - one of the San Jose-based company's two executive vice presidents and previously a potential successor to CEO John Chambers - is leaving to become president and CEO of a wireless and Internet communications software vendor being formed through a merger of start-ups Inc. and Inc.

Informix to Lay Off 500 Employees

Database and tools vendor Informix Corp. said last week it will lay off nearly 500 employees as part of a restructuring plan that has condensed its five business areas into two units. After the job cuts, Informix's total head count will be approximately 3,800. Menlo Park, Calif.-based Informix also revealed it will take a third-quarter restructuring charge of between $75 million and $90 million, followed by a further restructuring charge of between $10 million and $15 million during the first half of next year.

Short Takes

Lucent Technologies Inc. in Murray Hill, N.J., is looking for a chief operating officer amid a management shake-up. Harry Bosco is retiring as group president of Lucent's optical networks unit. Patricia Russo, executive vice president and CEO of the service provider networks group, is also leaving the company. . . . Novell Inc. has appointed Carl Ledbetter as chief technology officer, filling the spot left vacant after Dave Shirk's departure last month. . . . Omaha-based Ameritrade Inc. said its CEO, Tom Lewis, has resigned from the company for personal reasons. . . . Oracle Corp. said that its Internet Application Server 8i will now support Linux and announced expanded partnerships with four Linux distribution companies.

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