News briefs: Cisco ends reseller contract with EMC

12.06.2006

Short takes

John Chambers, president and CEO of Cisco since 1995, will become chairman in November while continuing as CEO. Cisco doesn't plan to immediately name a new president. ... Electronic Data Systems Corp. said it has succeeded in its effort to buy a majority stake in Mphasis BFL Ltd., an offshore IT services firm in Bangalore, India.