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IDC: Cisco Ups Lead Over Polycom In Enterprise Videoconferencing And Telepresence Market
Cisco's market share inched up to 44.8 percent in the fourth quarter from 43.3 percent share in the third quarter. Polycom's market share slipped to 23 percent in the fourth quarter from 25 percent in the third quarter.
Polycom has been struggling financially of late. It posted a 96 percent year-over-year drop in net income in the fourth quarter, while its revenue declined a more modest 9 percent year-over-year to $353 million. Despite the firm's troubles, Zacks Investment Research is maintaining a neutral stance on Polycom's stock.
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