Cisco won't cut product prices despite challenging business outlook

The looming recession isn't going to move Cisco to cut the price of its networking gear, according to a report by Reuters. The news agency quotes Robert Lloyd, Cisco's senior vice president of the United States, Canada and Japan, as saying: "We do not expect to see any changes in terms of pricing." Cisco is often criticized for the high-price tag of its equipment compared to comparable products from its competitors. 

Further reading:

Analyst: Cisco will need to make acquisitions if its to meet its goal of 12% to 17% growth

Is Cisco's business outlook really 'challenged' this time?

Cisco Chambers says business outlook now brighter

Cisco Chambers describes business outlook as 'extremely challenging'

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