Chambers Is Not to Blame
I come to praise John Chambers, not to bury him. It's become totally fashionable to criticize the CEO of Cisco (CSCO), and I can see it. The business has been decelerating each quarter while Chambers and company have continued to buy back stock, somewhat mindlessly, buying 27 million shares at $20.28 this quarter alone. Oops! Now it is $17!
But there is no denying that Chambers has put together a world-class team with world class products offering an end-to-end solution....383 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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