Update: Intel Q3 revenue slightly higher than new expectations Third-quarter revenue was \$8.47 billion, up 8 percent from last year's third-quarter revenue of \$7.83 billion. Intel shipped a record number of processors in the quarter, but it had forecast even higher growth coming off of its second-quarter earnings conference call.
Cisco to set up R D lab in Shanghai BEIJING -- Cisco Systems Inc. plans to open a research and development (R D) center in Shanghai that will focus on developing VOIP (Voice over Internet Protocol) technology, the company's chief executive officer (CEO) said Thursday.