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Csco Warned as I recall that growth will not be as high as expected. I could
not find the release but remember reading it on the csco thread. You will correct me
I am sure if I am wrong.
If you don't mind (Gary), I'll make the correction here. Cisco announced that the industry's growth would not be as high as it usually is. However, this is something that Mr. Chambers announced at the end of the last quarter and is the same announcement they make every year at this time because historically this quarter is the industry's weakest. Therefore, Cisco has not warned in the same sense that BAY, NN, COMS, etc. have warned.
As we have discussed before, the only way for CSCO to grow 20%+ this year and in
the future is ACQUISITION, ACQUISITION, ACQUISITION.
You need to understand that this is part of Cisco's strategy. Cisco's acquisitions are more like the purchases of R&D then of the purchases of revenue, and their theory makes sense. Why not let these small companies specialize in their small niche of the market and then acquire the knowledge and allow the individuals at the company become part of a bigger, stronger, better team while at the same time remaining with their tight-knit group that they have been working with? This is different than what ASND did. ASND just bought Cascade because neither could compete well enough against Cisco. The ASND purchase screwed them all up, though, because they didn't realize that it isn't easy to merge two large companies like that. That is why Cisco's purchases work.
Happy Easter,
JRH |
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