Cisco's Next-Generation Internet Pitch

NEW YORK (TheStreet) -- Cisco's(CSCO) next-generation Internet sounds like the last generation Internet, only with more hype and new promises of blistering speeds.

All eyes in tech will turn to Cisco at 11 a.m. EST Tuesday for "a significant announcement that will forever change the Internet and its impact on consumers, businesses and governments," according to the company's breathless, one-paragraph save-the-date press release.

Investors and analysts are expecting Cisco to announce a broad array of networking gear to boost delivery of advanced services. Speculation around the upcoming event has centered on a 100 gigabit core routing technology as reported by the Financial Times last month.

Some analysts expect Cisco to name telco and cable partners like AT&T(T) and Comcast(CMCSA) as part of the plan. The speed boost initiative is also expected to include the wireless data delivery system provided by Starent, a tech shop Cisco acquired last year.

Given the level of excitement going into the event, some investors predict there will be some selling on the news.

Cisco shares surged a penny in early morning trading Tuesday.

--Written by Scott Moritz in New York

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