The two companies also agreed to joint efforts to make Polycom's technology inter-operate with HP's Halo telepresence technology.
With Polycom under the tutelage of HP's operational management style, it will definitely prosper in the future. HP is famous for its "HP Way" and it is the reason why it has managed to expand its operations so vastly within a short period of time throughout these years.
On top of that, HP has also been expanding its operations in other fields such as networking solutions. HP acquired 3Com for that very sole purpose of expanding its market share in China. Also, it is experienced when it comes to competition. It has fought IBM and Dell before naturally HP has the upperhand as compared to Cisco.
Nonetheless, Cisco is definitely a force to be reckoned with. Its vast operations in servers is powerful and its routers are impeccable. With these 2 major forces in place, they are guranteed a safe spot in the market and thus will not be easily eliminated for sure.
"This is in reaction to Cisco and Tandberg," Kaufman Bros. analyst Shaw Wu said of the H-P and Polycom announcement. "It looks like H-P is opting to partner instead of acquire."
"Any type of video collaboration is critical at this point in the market," Skoba said in a phone interview. "There's a clear benefit to launching this technology."
With the expansion of business worldwide, video conferencing is omnipresent now.
You see all the business people holding video conferencing every where. Even in movies, you see the military using video conferencing to communicate with one another. Remember the scene in 2010 where the global leaders held a united conference to think of a solution to counter the demise of the world?
It is only until today that it has been made so prominent, that everyone is actually taking note of it.
The world is changing. Information technology is taking over.
Credits -marketwatch, -ecsrd, -liquidmatrix, -techfresh
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