Cisco’s $300,000 TelePresence setup will do for Cisco what the iPhone did for Apple – boost the company’s sales. Cisco CEO John Chambers made the comment at the company’s analyst meeting today, reports Bloomberg, which cites Cisco Senior VP Marthin De Beer as saying that Cisco could reap annual TP sales worth $1 billion by the second half of 2009. Chambers also reiterated that Cisco will meet its target of 12% to 17% annual revenue growth over the next few years. Cisco has predicted a sales increase of 8% this period and 8.5% the next, according to the news service. Cisco said it has 200 TelePresence customers and has orders for 1,000 more systems.
Cisco also claims that each week it is selling 50 of its biggest core-router, the CRS-1.
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