Management, Operational Excellence and Innovation Recognized
BEIJING -- (MARKET WIRE) -- May 14, 2007 -- Cisco® (NASDAQ: CSCO) China today announced that
it received an award as one of the 25 most respected companies of China.
The award was presented jointly by The Economic Observer, a leading
business newspaper, and the Management Case Center of Peking University, a
top business research institute.
Started in 2001, the "Most Respected Companies of China Award" is among the
most influential business awards in the country. According to Liu Jian,
editor in chief of The Economic Observer, it "recognizes enterprises in
China with outstanding achievements in the areas of management abilities,
brand image, market vision and innovation practices as well as financial
The selection of the award-winning companies was divided into three phases.
In the first round, 379 candidate companies were selected, followed by a
second round in which the top 50 were chosen through a series of votes by
senior executives and MBA/EMBA students. The top 25 companies were
eventually selected after strict review and appraisal by a panel of 16
prominent experts from different organizations. This is the first year that
Cisco China has made the top 25 list. Also among the top 25 are
international companies like IBM and Nokia and local companies like China
"Cisco is honored to have been selected as one of the most respected
companies in China. We have a long-term commitment to China and have been
contributing to China's communications infrastructure and economic
development for more than 10 years," said Thomas Lam, president of Cisco
China. "Cisco's vision of the 'human network,' where people come together
in new ways to communicate and collaborate, and where everyone is
connected, will help shape the business environment in China."
Since its entry into the Chinese market in 1994, Cisco has continuously
brought advanced networking products and leading ideas into this promising
market and has played an important role in China's growth in information
and communications technologies. Cisco has established a Research and
Development Center in Shanghai employing hundreds of Chinese engineers and
has committed more than US$700 million in venture capital to more than 40
innovative Chinese enterprises.
Cisco has also been a strong supporter of China's education system. Since
1998, Cisco has established more than 220 Cisco Networking Academy®
Program institutes across China, helping students learn and acquire
advanced networking technology skills. The company has also made important
contributions to the development of China's software industry through its
support of 35 Model Software Colleges under China's Ministry of Education.
Before the award was announced, Cisco and Beijing University of Post and
Telecommunications (BUPT), as well as Shanghai Jiao Tong University,
launched the 'Cisco Academic Practice and Innovation Club." Collaborating
with these leading Chinese universities, this nonprofit program is aimed at
cultivating innovation talent by providing access to Cisco's
industry-leading technology and R&D management concepts.
Cisco also recently embarked on a social program called "People Relay,
Power Release" to mobilize an online donation exchange of goods to benefit
disadvantaged primary schools in remote areas.
For more information on the "Most Respected Companies of China
Award," please visit http://finance.sina.com.cn/focus/zszjq2006/index.shtml
About Cisco Systems
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