In its present state, Cisco is too big and slow to compete in a downsizing world of IT vendors, according to RBC Capital Markets analyst Mark Sue.
Networking giant has to slim down, reallocate resources in achieve its goal of becoming the “number 1 IT company,” said CEO John Chambers.
Cisco(s csco) CEO John Chambers complained directly to President Barack Obama over the NSA’s alleged bugging of U.S. telecommunications equipment sent overseas, including Cisco’s own equipment. In a letter cited over the weekend by the Financial Times and Re/Code (and published by the latter), Chambers said the exposed surveillance tricks would undermine confidence in U.S. tech firms’ products, and begged Obama to set new “rules of the road”. Cisco has already complained about NSA “backdoor” revelations in recent months, and it continues to see orders drop off in emerging markets in the wake of the Snowden leaks.
It’s not the only factor, but Cisco says the backlash over U.S. surveillance has definitely hit orders in China. Orders in other developing countries have also plummeted, and again the NSA is being cited as a possible factor.
Cisco spin-in Insieme comes back to the mother ship as the multi-front battle with SDN rivals VMware et al. roils on.
Cisco entered the data center business in 2009 and four years later, that has turned into a $2 billion a year business and there are no signs of a slowdown. Looks like Cisco built the right products at the right time.
In the latest phase of a well-organized succession plan at IBM, Virginia Rometty will become chairman of the IT giant on October 1. Sam Palmisano will stay on as advisor until December 1, the company said.
Cisco hit the skids 18 months ago which led to a restructuring that was completed in record time. Now Cisco is ready to roll again, and to celebrate, CEO John Chambers discussed the company’s future. Here are 3 key takeaways.
Cisco, the networking company that many felt would be a great acquirer of Skype had looked at the VoIP and video company and declined because it couldn’t see a way to do a deal without upsetting its service provider customers, according to Cisco CEO John Chambers.
Cisco, an incredibly active acquirer, is ready to start doing deals again, according to John Chambers. We think it should be focusing on the cloud and beefing up its core networking skills by buying some of the companies we list in our story.