Feeds

Cisco vows return of big borging

30 non-networking markets? That's peanuts

Next gen security for virtualised datacentres

Cisco boss John Chambers is confident the world economy has recovered enough for a renewed push into new markets.

Opening an analyst day at Cisco's headquarters in San Jose, California this morning, Chambers said the company plans a return to its long-term goal of 12 per cent to 17 per cent annual growth that it has failed to reach in the past year with more customers cutting back on IT spending.

Cisco's immediate focus will be on video and collaboration going forward, he said, forsaking center stage during his speech to stride up and down the isles. And Cisco will expand into new markets the way it knows best: lots of acquisitions.

"Who does acquisitions better than Cisco," he asked, pouncing on an audience member with the question. After an awkward pause from his victim, the executive was supplied with a grimace and a shrug. Chambers laughed jovially, taking the reaction as affirmation of Cisco's finesse at swallowing lesser firms.

Chambers noted that Cisco already has its hands in 30 markets unrelated to its core networking biz. "It's a lot," he said, "but I actually think 30 is too few."

He said the company can aggressively tap new markets because its sure of its dominance in the networking market. "It's about catching market transitions, we don't spend time talking about competitors," he said. "I know you want me to talk about HP, you want me to talk about Huawei. We have dozens of competitors — and if you don't have good competitors, you're not in good markets."

Still, the Cisco boss said the company won't move into adjacent markets unless they're firmly tied to the network. Chambers claimed one of the big reasons for Cisco's success in acquisitions is its ability to move in quick and retain the talent.

On economic recovery, he described the third quarter of 2009 as the bottom for Cisco, Q4 as the "tipping point," and the first quarter of 2009 as the first phase of a return to "aggressive growth." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Like condoms, data now comes in big and HUGE sizes
Linux Foundation lights a fire under storage devs with new conference
Community chest: Storage firms need to pay open-source debts
Samba implementation? Time to get some devs on the job
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?