Updated Nov. 15, 2013 at 7:19 a.m.

Premium Lock Cisco's Chambers: 'Never seen' such a drop in orders

Published: 2013-11-14 06:54:00
Updated: 2013-11-15 07:19:31

John Chambers John Chambers, chairman and chief executive officer of Cisco Systems. Photographer: Victor J. Blue/Bloomberg

The world's largest maker of computer-networking equipment says revenue in the current quarter, which ends in January, will decline 8 percent to 10 percent from a year earlier, while analysts were predicting on average 4 percent growth, according to data compiled by Bloomberg. The news sent Cisco shares down sharply in Thursday trading....

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If they'd dump Chambers and get a real CEO with plan that would do wonders. He wore out his welcome a few years ago.
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