John Chambers on Cisco: We Will Make Changes
Michael Sampson - Currents
APRIL 7, 2011
John Chambers, CEO of Cisco Systems, announced a range of changes to fix the ailing company : " Cisco Systems Inc. You will see Cisco make a number of targeted moves in the coming weeks,” Chambers said yesterday in a memo to employees at the San Jose, California-based company. Cisco has seen profitability erode and is struggling to meet sales growth goals while pushing into 30 new businesses. Cisco's collaboration business remains core to its go-forward strategy.