How long are you waiting? I am getting impatient but I have waited this long...I suspect they will get this right, but it may take a while.
How long are you waiting? I am getting impatient but I have waited this long...
How many jobs are moving to India?I am not holding any CSCO at the moment, but current price looks attractive. As to waiting, I would think it will 18+ months to become more focused/efficient, although I am sure Chamber will want to move faster than that.
Chambers? You mean the guy that has overseen its decline through numerous ill-fated acquisitions?Ialthough I am sure Chamber will want to move faster than that.
Chambers? You mean the guy that has overseen its decline through numerous ill-fated acquisitions?
DFW_M5 said:I suppose many Cisco jobs are already there, but hope that is not their answer to further cost reduction. I for one have an extreme distaste for the outsourcing bandwagon that so many big companies jumped on back in the 90s and still feel that is the root cause for where the economy is today here in the U.S.
I think you'll see more off shore out sourcing at cisco in the future. The nature of their products entails lots of incremental updates to core pieces of hardware and software with a lot of grinding q/a cycles. People tend to go w/ the dog- pile approach on these type of endeavors and off shoring always looks appealing in these circumstances
i agree. the prev post sort of implied (to me anyways) that they meant
off shoring whilst saying outsourcing. most likely my misinterpretation.
I guess the dividend is holding me around to get paid to wait for a turnaround. I just think it will need someone other than Chambers.... That said, its sounds like you are pretty much feed-up with how things have gone and don't want to continue holding waiting for a turnaround. All I can say is follow your instincts.
Part of the problem is that some executives are good at growing smaller businesses into big ones, but once the business is already big, most of their "magic" is gone. Small companies have an emphasis in growth, and they can more easily do it without bad acquisitions that aren't a good fit (see what Peter Lynch called "diworseification"). Warren Buffett has more or less said as much, indicating how much easier it would be to continue to rack up market-shattering returns if he had (say) $10 million to invest instead of $10 billion.I guess the dividend is holding me around to get paid to wait for a turnaround. I just think it will need someone other than Chambers.