Cisco to Invest $10M

Cisco announces $10M investment to support job creation andeconomic development in the Palestinian Territories

January 30, 2008

1 Min Read
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RAMALLAH, West Bank -- Cisco (NASDAQ:CSCO) today announced an investment of $10 million to seed asustainable model of job-creation and economic development in the Palestinian Territories. The three-year investment, made incooperation with the president of the Palestinian Authority, MahmoudAbbas, represents Cisco's continued commitment toward buildingstronger and healthier global communities through strategic socialinvestments.

"Education and the Internet are the great equalizers and vital to asustainable, productive economy that increases the standard of livingfor all," commented Cisco Chairman and CEO John Chambers. "It's acore part of our culture to give back, but it's also a core strategyof what drives our success in the regions of the world where we dobusiness. We make all our business decisions with 3-5 years in mindand given our strong business momentum in the region, it's onlyappropriate to make this investment into its economy and its people."

Cisco Systems Inc.

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