Chambers briefs Wall Street Journal reporters on positive signs
We’re gradually emerging from the recession, Cisco CEO John Chambers told Wall Street Journal reporters this week. A full recovery is hard to gauge, he said, but there are signs that we are coming up from the bottom.
Chambers cautioned, though, that there’s still a chance of a backward slide. He also said it will be a few quarters to prove out his assertion that Cisco’s fourth fiscal quarter was indeed a “tipping point” for the company’s business.
Cisco reported fourth quarter results in August. Profits exceeded analyst expectations and Chambers said the company saw positive signs during the quarter that could signal a rebound.
Cisco’s current quarter ends in October.
Chambers also addressed policy and M&A issues, and the recent sale of Skype with the Journal reporters.
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