Cisco strikes alliance with AOL Time Warner

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New York--Cisco Systems Inc., the Internet equipment maker that recently posted significant losses for the first quarter, said it will supply media giant AOL Time Warner Inc. with Internet routers, while advertising heavily on AOL's Internet service and Web sites and in its magazines, such as Time. AOL Time Warner said there was no exchange of goods and services, while Cisco insisted that the agreements were separate and that the company has been advertising with AOL and Time Warner for quite some time. Cisco President-CEO John Chambers warned this week that revenue in the current quarter could be flat or even fall 10%.
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