Cisco boss talks up recovery and hints at further acquisitions

In a climate where most CEOs shy away from making boldoptimistic statements about the future Cisco’s head honcho has talked of doubledigit growth and acquisitions. Speaking at a financial analyst conference yesterday JohnChambers, CEO of Cisco, said that there was an economic recovery coming and it



In a climate where most CEOs shy away from making boldoptimistic statements about the future Cisco’s head honcho has talked of doubledigit growth and acquisitions.

 

Speaking at a financial analyst conference yesterday JohnChambers, CEO of Cisco, said that there was an economic recovery coming and itwas expanding into new markets.

 

He said that most of its customers had cut back on spendingbut were at the point where they could not make any more reductions withoutcutting “into the muscle”.

 

Cisco has been acquisitive this year with the Tandberg dealthe latest to get the green light but Chambers indicated that it could buy moreif it supported moves into fresh markets.

 

"In 45 days we did four acquisitions around the world,three of them outside the US,"he said.

 

He hinted that with most of its cash held outsider the US it madesense to continue on its recent trend of buying outside of its home territory.

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