True, but it's a bit discouraging when Chambers says Cisco has gone too long without a major acquisition. What is the value of all the bad acquisitions they've made that they have written off? What are the major acquisitions CSCO has made that have added significant value. Not trying to be a smart a*s, I am truly wondering.
Chambers is a good speaker…knows his stuff. He has to do a better job of accentuating the positive and getting it out there. He just projected 5%-7% annual growth indefinitely. Plus a 3% dividend that is growing! Maybe today will help.
Hard to believe this stock is not already mid 20s now! Will get there if we can shut down HFTs!