| − | On May 4, 2015, Cisco announced [[Chief executive officer|CEO]] and Chairman [[John Chambers (CEO)|John Chambers]] would step down as CEO on July 26, 2015, but remain chairman. [[Chuck Robbins]], senior vice president of worldwide sales & operations and 17-year Cisco veteran, was announced as the next CEO. On July 23, 2015, Cisco announced the divestiture of its television set-top-box and [[cable modem]] business to [[Technicolor SA]] for $600 million, a division originally formed by Cisco's $6.9 billion purchase of [[Scientific Atlanta]]. The deal came as part of Cisco's gradual exit from the consumer market, and as part of an effort by Cisco's new leadership to focus on cloud-based products in enterprise segments. Cisco indicated that it would still collaborate with Technicolor on video products. On November 19, 2015, Cisco, alongside [[ARM Holdings]], [[Dell]], [[Intel]], [[Microsoft]] and [[Princeton University]], founded the [[OpenFog Consortium]], to promote interests and development in [[fog computing]]. | + | On May 4, 2015, Cisco announced [[Chief executive officer|CEO]] and Chairman [[John Chambers (CEO)|John Chambers]] would step down as CEO on July 26, 2015, but remain chairman. [[Chuck Robbins]], senior vice president of worldwide sales & operations and 17-year Cisco veteran, was announced as the next CEO. On July 23, 2015, Cisco announced the divestiture of its television set-top-box and [[cable modem]] business to [[Technicolor SA]] for $600 million, a division originally formed by Cisco's $6.9 billion purchase of [[Scientific Atlanta]]. The deal came as part of Cisco's gradual exit from the consumer market, and as part of an effort by Cisco's new leadership to focus on cloud-based products in enterprise segments. Cisco indicated that it would still collaborate with Technicolor on video products. On November 19, 2015, Cisco, alongside [[ARM Holdings]], [[Dell]], [[Intel]], [[Microsoft]] and [[Princeton University]], founded the [[OpenFog Consortium]], to promote interests and development in [[fog computing]] through defining a horizontal architecture that spans from cloud to edge, working alongside standards bodies like IEEE and ETSI to support emerging technologies. |