Cisco has "disappointed our investors and confused our employees," CEO John Chambers said earlier this week in a kind of mea culpa about the company's weak performance recently. But, he promised, fundamental changes are ahead.
Revealing his thoughts in a memo sent to employees on Monday and published yesterday on a company blog, Chambers pointed to Cisco as a business that has lost some of the credibility that was key to its success. Seeing both the marketplace and his company as in transition, he said that it's time to focus to help define those transitions.
Chambers … Read more