NEW YORK, April 1 (Reuters) – Network equipment maker Cisco Systems Inc said on Tuesday that sales of its high-end routers had accelerated in the past several months, helping to ease worries about slower technology spending.
Cisco executives attributed the accelerated sales to exponential growth of Internet traffic, due largely to the popularity of online video services that require faster networks.
“Things like Youtube, Facebook, MySpace — these things are really ramping video traffic in ways that I don’t think we could have predicted when we developed the router,” said Cisco spokesman Wilson Craig.
Cisco expects Internet video traffic three years from now to be 20 times what it was in 2006, driving sales of routers and other network equipment.
If Level 3 can manage its debt, the future should be great!
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