According to the Shareholders Foundation, an investor of Cisco Systems Inc. filed a lawsuit against the company in the United States District Court for the Northern District of California claiming that the Cisco violated Federal Securities Laws.

The complaint represents purchasers of Cisco Systems, Inc. common stocks between May 12, 2010 and February 9, 2011 questioning the company and a number of its officers and directors as they fail to disclose material adverse facts about Cisco System’s accurate financial standing, specifically violating the Securities Exchange Act of 1934. Cisco shares in 2006 were traded for $17.24 per share, increased to $33.13 per share in 2007, and fell to $14.18 per share in 2008. It recovered to $27.47 per share in 2010.

Cisco Systems’ press release on February 9, 2011 announced its financial results for 2011 fiscal second quarter ending January 29, 2011. It reported a net sales of $10.4 billion, net income on a GAAP basis of $1.5 billion or $0.27 per share, and non-GAAP net income of $2.1 billion or $0.37 per share which according CEO John Chamber played out as expected. After the announcement, a conference gathered the defendants with analysts and investors, discussing the report’s non-GAAP gross margins setback by 62.4 percent, down 1.9% quarter-over-quarter and 3.2% year-over-year. Non-GAAP product gross margins were reported to be at 61.1 percent, down 2.9 percent from the quarter that comes before. Because of the margin drops, the company sold their stocks to $3.12 per share which is over 14 percent and at $18.92 per share. Cisco shares traded at $17.04 which is hardly is value in 2006. Cisco is currently undergoing some big changes with its finances.

The company heralded its first dividend at 6 cents per share, which will be paid to investors by 20th of April. Along with Apple, Google and other multinational companies, Cisco asked the US Congress for a transitory break on offshore profit taxes. Cisco has big plans on global expansion with 40 billion in cash and some short-term investments as well.  It also recently expanded to India, but the effort is still not enough to significantly outdo HP, Juniper and Invox.

Backing from its legal and financial standing, Cisco is inviting the media and the participants of 2011 World Health Care Congress to a “Ministerial Forum on Global Health Innovation: A Perspective on National Health Opportunities” highlighting a pioneering survey by Cisco towards improvement of global healthcare access on Wednesday, April 6, at noon. The discussion will be moderated by Olivier Raynaud, M.D. with keynote and panel with Cisco exec Frances Dare and other health ministers.  This is, of course, an opportunity for Cisco to iterate its position in the future of healthcare technology, an aspect of the enterprise that stands to benefit a great deal from improved processes and services.

Big data has gotten its hands on the healthcare industry, in a big way. Standford University and Apixio, for example,  recently joined forces to interpret big data, understanding structured and unstructured formats of data and see how factors such as drugs, events, and how illnesses interact. GE Healthcare and AirStrip Technologies, on the other hand, partnered together to allowing hospital clinicians to view ECG data on iPads and iPhones in real time. Even the Office of the National Coordinator for Health Information and Technology says big data will transform healthcare as it unveiled a five-year roadmap on March 25. Clinical information captured from electronic health devices in machine-readable format can significantly hasten medical possibilities.

Cisco is also looking into the future of Flip Video, a pioneer in the shoot and share video camera, as they added to it a new social feature and a video sharing capability via its latest software called FlipShare, as well as FlipShare Mobile apps for iPhone, iPad, iPod touch and Android devices.