Getting your player ready...
SAN JOSE, Calif. — Cisco Systems Inc. said Wednesday it will invest $1 billion to help foster high-tech innovation in Russia.
Cisco chief executive John Chambers made the commitment at a meeting at the company’s San Jose headquarters with Russian President Dmitry Medvedev, who was visiting the computer-equipment manufacturer as part of a tour of Silicon Valley.
Medvedev has said he wants to bring more high-tech innovation to Russia’s oil-dependent economy and create the country’s own Silicon Valley outside Moscow.
