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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.11

-0.3%

Nov 5 3:59 PM EST

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From: JakeStraw	11/14/2013 8:26:12 AM
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Cisco CEO John Chambers in Trouble Again After Poor Earnings finance.yahoo.com His nearly 20 years as CEO ought to end as he steps aside for someone more qualified to run the company for the rest of the decade. Chambers missed a major turn in the market for his company's products. Routers and switches rely less on hardware and more on software today. Chinese firm Huawei has exploited this change in the industry and has consistently taken market share from Cisco. The entire industry has moved toward using virtualization software that runs on inexpensive servers. Chambers did not move quickly enough in this direction to keep Cisco at the head of the industry. He continues to defend an ancient model because he has been slow to move toward the new one.

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