I think maybe so.
You can't blame the man for what is going on in the economy.
CISCO will jump back to $50 in 12 months.
But first we see $25 !!!
Stay Long in CISCO and INTEL
Well see how good he is when Cisco is at $15 a share
Why not??? He is always Better than Bush.
bETTeR yET, cHAMBERs FOR presIdENT OF THE uNITEd sTATES!!!1
Listen, there is no way this guy is even close. He is an IBM salesman, who got very lucky. You will see soon how is leveraged strategy will implode his company and destroy it.
The man is good. There competition now. He will have to work harder to be the leader.
Let me say I have no vested interest in CSCO at this time. I am merely an interested observer. I am neither short nor long. I am very intrigued by the operations of succesful American businesses, however. You have to give Mr Chambers his due. He has taken CSCO to a meteoric stature in less than 10 years.
The backbone of the net is not going away. CSCO is feeling the pain all the other tech companies are also feeling right now. The bubble clearly got too big. Expectations were irrational. However, with the looking rate cut (look for another 1/2% cut soon), the economy will once again be ready to rock. And tech should be at the forefront of the coming rally.
If you had guts (and brains), you would be BUYING (not shorting)the likes of CSCO and Nortel right now.
Not to mention, if you absolve him from blame for what is happening to the economy now, you can't give him credit for Cisco's good fortune in good times.