Cisco Systems CEO John Chambers was one of the first tech executives to predict that the recession–then limited to the financial sector–would spread to the rest of the economy. Now he’s among the first to say it’s on the way back.
Cisco CEO John Chambers doesn’t just talk a good game about telepresence, the videoconferencing technology that creates the illusion you’re in a room with someone who’s actually thousands of miles away.
Cisco CEO John Chambers just might be one the most careful executives in the Valley about talking to the press; in a brief chat with Tech Trader Daily at a media reception last night, he didn’t give away much about his views on the state of the economy or the current quarter. But he did have a few things to say. Here’s a summary.
There are plenty of questions about the results Cisco will report on its earnings call tomorrow, and the guidance it’ll provide moving forward. The Street expects weakness on both counts. No prediction yet on what to expect if CEO John Chambers is Treasury Secretary by then.
Cisco Systems shares are under pressure, ahead of the company’s Wednesday afternoon announcement of earnings for its fiscal second quarter ended January. The looming Cisco results are giving some investors the jitters, given what happened the last time they reported earnings: CEO John Chambers cautioned that the company was seeing a year-over-year decline in U.S. enterprise orders, and the broad stock market plunged.
While certainly investors will be watching for any sign of trouble in the January quarter results, the real issue is going to be what the company says about the rest of its fiscal year, which ends in July.
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