CSCO was in rally mode until Chambers shot his mouth off in April that Gov't spending was getting tough. The stock immediately started down from 21+. Then the infamous last conference call where he absolutely devastated any future confidence in their business with his negativism and blew the 20% increase in earnings and the stock tanked 10% the next day and did not recover. Now he strategically lays off more employees last week just when the market starts to rebound and the stock goes down again.
He could not do a worse job running this company; the BOD needs to shut his mouth permanently!