hear there are layoffs coming again at the big Cisco???
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@2aji That's a pretty accurate assessment based off my sources. The interesting thing about SaaS is Webex is a massive percentage of the overall total and management is trying as hard as they can right now to break it. If that isn't growing the needle is going to have a hard time moving.
There's layoffs but it won't be huge in number. There's just going to be a lot of culling the older businesses/products and sales models/teams, while adding in the new businesses. If Cisco never grows beyond $50b/year but turns all that $50b into SaaS revenue/recurring revenue, al la Meraki, they're betting that will drive the stock higher via the multiples that SaaS stocks get alone. So they don't even care about growth, just shifting all the business to SaaS. Will it work? I don't know, but we shall see. If it fails, the ELT still retires multi-millionaires.
BIG Party on May 18th, everyone at Cisco is invited...
Well, with Apple we got some dodgy software installed on Apple phones and so our stuff works better on their devices.
Ericsson? TOXIC. That "partnership" has a fork in it. They took everything we did (we shared everything with them) and gave us nothing in return. I've never seen one scrap of paper from them that discloses any information at all. They were supposed to rationalize their product portfolio to be more complementary with us, but now they are aggressively marketing their R6000 range to our customers and actively competing with us. And whenever we ask E/// to partner with us on a new opportunity, they refuse and submit their own stand-alone bid.
With partners like them, who needs deadly enemies?
I never understood that Apple deal - the way I saw it, it was good PR for us and aside from that all benefits went to Apple - we made their phones connect faster, etc...
Granted, I am a grunt, but still - there was no common sense for me
Apple doing well. Ericsson is garbage. Bad partnership. Total Swedish passive aggressive treachery. That's going away thank Thor. They don't know they are dead.
What ever became of those Ericsson and Apple strategic partnerships, Chuck was so proud of?
Either one produce a single $?
Salesguys? Anyone? Buller?
Yes, on the 18th. We are heading to the tech dinasour tar pits with other horrible companies with terrible corporate cultures like Ericsson (shady sales people; a place where lizards go to die) and IBM (a dogs breakfast of retread tech workers and systems that are cumbersome and sometimes works). It's going to be a party.