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May 15, 2011  4:50 AM

Cisco predicts weak quarter

Posted by: Yasir Irfan
Cisco CEO John Chambers, Cisco News, Cisco predicts weak quarter, Cisco Systems, core technologies, Flip, Network Technologies and Trends, networking pioneer

Cisco CEO John Chambers expects Q4 sales growth will be between 0% to 2 %, which is much below the analyst expectations of 7%. Cisco Systems also warned they are looking to reduce the workforce with a target of saving S1 billion per year. Most of job cuts are most likely to come through an early...


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