Another embarrassment by clueless Cisco CEO as Splunk already acting like Cisco
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Splunk acquisition = FTX crypto part 2 sequel
What happens if the market tanks in 3 months? Cisco still pays the $28 billion face value?
Without the acquisition of an actual software company, Chuck and the Board could no longer continue to pretend that Cisco is a software company.
It also provides Chuck with a graceful exit strategy by handing Cisco's reins to Gary Steele, the Splunk CEO.
I can’t believe an activist investor isn’t getting this horrible deal cancelled.
If Cisco Board has has any morals, they must cancel this acquisition ASAP and save $28B of wasted stockholder's cash