https://www.msn.com/en-us/money/markets/opinion-ciscos-customers-are-still-on-pause-amid-coronavirus-scare-and-layoffs/ar-BBZWwG6
"hmm. I need to buy a switch and a router. But wait!!!"
"Someone is coughing in China!"
"I think I will wait. "
Sure. That's definitely the problem.
Definitely.
Yeah, customers are scared to buy Cisco gear cuz it's all made in China, specifically Wuhan city. Hmmm, Chuck it is not your fault, blame Wuhan virus.
Correct. The price of oil hasn’t crashed 20% in the last three weeks because things are rosy with the world economy.
It's not about a cough, it's about the potential for global economic disruption. Companies unquestionably are seeing a disruption in their supply chain, if Fiat can't make cars they can't sell cars.... If Walmart can't keep it's shelves stocked with cheap c-ap from China their business will decline. If revenue declines budgets shrink and companies figure out how to do with what they have, thereby negatively impacting regular refresh cycles, which Cisco relies on.