Some always complain Cisco missed cloud, NO, Cisco made a lot of money by selling DC products. You can say others made money in software then you give up yourself and do software, then AI comes back and you try to catch the trend again. We need to carefully articulate Cisco's real strengths.
And we need to pray, Cisco is a good company, don't give up so easily!
Comment by 1ewf about market shares for IBM AND oracle is even more gambling of our leadership chasing cloud strategy when they clearly didn’t have know how. They don’t realize they cannot do so many things and just go chasing after the next thing without so much as a half thought out strategy.
They’re wasting shareholder monies on things as they know nothing about what the company is able to deliver on
No, they had no chance in the cloud. Companies like IBM and Oracle with not only scalable compute expertise but extensive application portfolios and skills have small single digit cloud share. Even Google built on large scale data centers barely breaks the double digit percentage barrier.
Cisco on the other hand couldn't even deploy its own networking and computing equipment in house at the scale of a few major sites and some remote sites. The UCS servers were a mess when they first came out and Cisco has no expertise in any of the major cloud technologies and applications. Cisco has never had even basic systems skills. Cisco also lives by a partner model because they can't deal with a large number of customers. There is a reason you have architects design skyscrapers instead of plumbers.
cisco absolutely missed the cloud boat. we could have used our own equipment to develop a cloud compute service on the scale of AWS or Azure, for much less capex than those companies need to spin up a datacenter.
cisco missed the AI boat too lol. you can tell because the AI bubble just took a sh-t all over the stock market and we barely got hit, because we're not an AI stock in any meaningful way.
now we're on to whatever's next. because this company is mismanaged and crippled by its own bureaucracy, i have complete faith we'll miss that bubble too.
...maybe you need to check the stock price last couple of years.
On September 9, 2019 (as close to the 5 year mark as I can get with the mouse cursor over the charts) the close was 50.03. It's now 50.79 so Cisco made 1.5% total over almost five years, and all of that gain plus far more occurred in the past few days of trading after Cisco articulated it was going to spend a billion dollars getting rid of employees over multiple quarters.
The S&P500 went from 3007.39 to 5616.84 for an 86.8% gain and the NASDAQ Composite went from 8176.71 to 17725.77 for a 116.8% gain over the same time period. Even accounting for dividends Cisco's stock severely under performed the market.
"Cisco share has stayed flat - meaning it’s neither good nor bad"
Not when you take into account inflation. A flat stock with billions in stock buybacks is a dead stock.
An equity investment should significantly appreciate over the rate of inflation to justify the risk.
Cisco share has stayed flat - meaning it’s neither good nor bad - there were cases where it appeared to be growing back in 18/19 until we gave up on Broadcom and shot ourselves in the foot. Now rumors are we have some positions in AI buildouts, not sure if I’ll be in the company to see that happen. And that’s the problem - you can’t run a company by tripping its feet every few months. We also don’t know how to integrate acquisitions - ELT think merging the sales org and marking them sell is enough. Merging should start at the engineering side and then move to sales when you have a true merged solution. I saw a demo of how AppD helped a customer analyze their software performance - but I never saw its use inside Cisco. Splunk is the same spot now - no internal use , just ask the router salesman to sell splunk as well !?
Fu-k Cisco
Happy shareholding, just keep an eye on sneaky chunky and Frankie offloading their stock at the great price from 10 years ago.
What an id--t OP is, a brown noser, or an ELT member I’ll let the other layoffees decide.
oOP do you know Cisco sank billions into the cloud before they gave up by buying 4 B$ of AppD. And let me refresh your memory AppD has been mostly stripped and merged into ding ding ding into our latest sink containing 28 B$ Sp--k.
That's like saying Xerox didn't miss out on the cloud due to their copy machines being connected to the internet. Nice spin
"Flatlined like a lifeless pulse."
Cisco is a good company, maybe you need to check the stock price last couple of years. A company success is most easily measured in its stock price.
Hey your are on thelayoff forum this is not the ELT call