Ok, FredE, let's perform an exercise so you finally get it. Let's say you're grandmother came and told you that she has a million dollars in cash and you will get it when she dies. And btw, she has two months to live. Then let's say that you told everyone you were going to come into some money in about two months. Then a few weeks later, your grandmother decides that she's going to leave all her money to a charity instead of you.
Do you think that everyone you told would then start saying, "You know that FredE, he's a complete lier. You can't trust a word he says. He lied to us on purpose and let's completely never listen to him again."
Well, unless you were a real jerk about it, they probably would just say, "Hey, that's life, man. Sometimes you get lucky, sometimes you don't. Sometimes things are just out of your control."
Well, that's what happened here. All of Cisco's customers were telling Chambers that they were going to spend like mad. So he told analysts what he was hearing from his customers. Then the bottom fell out and customers cut their budgets drasticly. Then Chambers being the forthright guy he is, came back to the analyst community and told them the truth. Things are murkier now and customers are cutting back as a direct result of the economy.
End of story. Just live with it. Chambers is not Satan. He is human and he communicates the best way he can as truthfully and expediently as he can. But even Chambers doesn't have a magic ball. I think only you have one of those. |
