Grimly determined Cisco reports weak earnings Networking giant Cisco has reported weak results in line with its own muted expectations as it continues to face difficulties in emerging markets. The technology bellwether reported a net income of $2.5bn on Wednesday, representing an earnings per share of $0.47 on sales of $11.16bn for its fiscal second quarter, which beat …
I can only assume the 'new economies' don't believe in the "nobody got sacked for buying Cisco" mantra that seems inescapable here in the UK. Whilst Cisco make some great core-networking gear, a lot of their other stuff has a perception of looking too proprietary, less functional (or conversely overly complex) and far far more expensive than their competitors. Plus they've really struggled to market themselves as agile vendors with lots of new idea's which is fine for big enterprise customers, but don't necessarily highlight their capabilities with start-ups and round 1 VCs.
They could have done so much more with Linksys as a Baby Cisco, but alas, the super-tanker is not for turning.
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