Cisco ( CSCO) is one of today's most active names on the Nasdaq, falling a few cents despite the company's big tablet unveiling Tuesday. Cisco announced its Cius tablet device, a Google ( GOOG) Android-powered, cloud-friendly product aimed at connecting mobile business users. However Cius, described by execs as a thin-client desktop device that can replace workers' phones and laptops/desktops, will likely not compare to - or kill - the Apple iPad. Cisco shares were falling about 0.89% to $21.07.
In an effort to catch up with Apple and Google Android-powered partners, Samsung announced four solid smartphone contenders at a glitzy Manhattan press event Tuesday night. The Galaxy S phones, one for each major telco, feature large, redesigned AMOLED screens that provide sharp detail even in bright lights. The phones, which go on sale later this summer, are media-rich and aimed at a young gaming demographic.