Changes

Lerner and Bosack borrowed money from their credit cards to start up the business and they used their house as their business headquarter to build, test and sell their routers. When the business started to grow, they decided to incorporate the company with the help of venture capitalists.During that time, Cisco as already making around quarter a million without a professional sales and marketing staff. Don Valentin, a venture capitalist agreed that his company will invest on Cisco with certain conditions which include, Sequioa will provide the management team and strategy on how to run the business. [[John Morgridge]] was the first President and CEO of Cisco. Bosack and Lerner never get along with Morgridge and in 1990 when the company was already worth a billion dollars, the upper management of the company approached Valentin to removed Lerner from the company if not they will resign.Lerner and Bosack left Cisco and they received $170 million dollars settlement.<ref>[http://www.pbs.org/opb/nerds2.0.1/serving_suits/cisco.html Nerds 2.0.1]</ref>

Lerner and Bosack borrowed money from their credit cards to start up the business and they used their house as their business headquarter to build, test and sell their routers. When the business started to grow, they decided to incorporate the company with the help of venture capitalists.During that time, Cisco as already making around quarter a million without a professional sales and marketing staff. Don Valentin, a venture capitalist agreed that his company will invest on Cisco with certain conditions which include, Sequioa will provide the management team and strategy on how to run the business. [[John Morgridge]] was the first President and CEO of Cisco. Bosack and Lerner never get along with Morgridge and in 1990 when the company was already worth a billion dollars, the upper management of the company approached Valentin to removed Lerner from the company if not they will resign.Lerner and Bosack left Cisco and they received $170 million dollars settlement.<ref>[http://www.pbs.org/opb/nerds2.0.1/serving_suits/cisco.html Nerds 2.0.1]</ref>

Since its establishment Cisco continued to grow and its net profit for the fiscal year 2010 already reached more than 40 billion dollars.John T. Chambers is the current Chairman and Chief Executive Officer of the company.

Since its establishment Cisco continued to grow and its net profit for the fiscal year 2010 already reached more than 40 billion dollars. [[John T. Chambers]] is the current Chairman and Chief Executive Officer of the company.

==References==

==References==