Feeds

Cisco chief pans Ascend takeover

Mathematical odds are that Lucent deal will fail, Chambers claims

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Lucent’s $20 billion takeover of Ascend will go wrong, Cisco CEO John Chambers predicts. "The mathematical odds are that it will fail," he said, citing lack of common vision, dissimilar cultures, "chemistry", as well as lack of geographic proximity between the two companies. "According to my estimates, it doesn’t work," he said in an interview with The Times. Telecoms equipment vendors are paying far too much to gain entry into the data equipment market, according to Chambers. Most recent deals have been belated, overpriced and are likely to fail, The Times reports. "Shareholders will look back and say, not only did the acquisition not work, but the price paid for it in hindsight was extremely high. The acquisition prices were probably 50 to 100 per cent higher than what we would have paid", Chambers said. ® 'Ethical' Cisco CEO will avoid anti-trust concerns Cisco CEO berates British education system CeBIT 99. Cisco praises Singapore, bitches about Europe

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.