Cisco Systems Inc. will invest in China and India even as the global economy worsens, chief executive officer John Chambers said.
We will not make the classic mistake others made in 1997 during the downturn, when people pulled out, Chambers told analysts on Thursday at the company’s headquarters in San Jose, California. Cisco probably won’t invest as heavily in Mexico and Brazil, he said.
Cisco, the world’s biggest network equipment maker, generates about half of its $39.5 billion (Rs 1.92 trillion) in annual revenue outside the US, with the Asia Pacific region accounting for 11% of the total. Cisco’s $27 billion in cash will help the company grow even amid the global slowdown, he said.
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