Did some research on Cisco. In 2003, Cisco had S&P core earnings of $2.05B on $18.8B in revenues. In 2012, Cisco had core earnings of $7.98B on $46.1B in rev. As we are in early innings of " the digital revolution" imo -- e.g., big global telecoms stuck in legacy copper, governments, and big enterprises are just at the cusp of swinging around to all-IP networks -- I am investing that Chambers is transitioning to higher margin software in a capex-expansionary three-to-five years, and, at the least Cisco will give me a rich dividend cushion thru and beyond that transition. This offered and taken at the same price per share as 2003. Decent risk/reward, no? All the best.
With tens of Billions of shares in the float, daily/weekly games are "all's fair" in the trading war. But, in big picture, the one thing that is growing fastest across the globe is data -- generation, storage, management, extrapolation and inference. And Cisco, with a massive, proven and trusted global footprint, will be at the heart of that action. Hardware can be copied (Huewei-style) but software at the fulcrum changes the game. At last, Chambers is starting to execute the UC opportunity that Ellison and others are now also chasing. Interesting on CNBC that it was mentioned, in passing, that Cisco wins where it competes, including against Juniper. Also, that Cisco did not suffer the Dec Qtr EPS declines of its smaller competitors. We'll see.