HTG harvest technology group ltd

5.88%

1.8¢

Let me get this right.There are multiple competitors in a...

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14/02/22

06:31

Post #: 59544367
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Originally posted by vin123: ↑

I told my experience with my company and others I know. Webex is facing serious competition from zoom and Microsoft team lately. Last 2 companies decommissioned webex, and jabber for MS team because company has subscription to office365, work cheap for business.

https://www.zdnet.com/article/cisco-systems-revamps-webex-to-address-needs-of-hybrid-workforce/ (article from Jun21)
After watching Zoom Video Communications catch the imagination -- and business dollars -- of the public during the COVID-19 pandemic, the company's mothership, Cisco Systems, decided that its own Webex franchise needed to get back into a virtual uniform and fight for the market share it lost in the last year and a half.

At its Future of Work online event, Cisco launched an entirely new Webex in an effort to regain market position as the world's top video conferencing vendor, which it had held since acquiring the company in 2007. Over the years, Webex faced many competitors, but it managed to stay No. 1. But when Zoom took off in 2020 under co-founder, CEO and former Webex product manager Eric Yuan, many industry watchers believed Webex's best days were behind it.In the U.S., Zoom currently owns 60% of the online videoconferencing market share and rising. Globally, Zoom handles about 300 million daily meeting participants. The top 10 competitors into Zoom are Microsoft Teams, Google Meet, Skype, Webex, RingCentral, 8x8, Fuze, LogMeIn, Mitel, and Vonage, roughly in that order.

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Let me get this right.

There are multiple competitors in a crowded trade and US$230 billion MC Cisco is dead in the water. Meanwhile, Harvest technology allows Webex to market a more efficient, cost-effective service thereby maintaining and possibly even increasing their already significant market share.

Going to be interesting to see the full extent of the Cisco-Harvest collaboration when it happens.

HTG Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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Last 1.8¢		Change 0.001(5.88%)		Mkt cap ! $16.12M

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