So if they let Bosch on the call, he either slipped through the cracks OR he owns a pretty hefty amount of shares, so they felt compelled to let him say something. Need to get that guy blogging on our site :)
The reason is that the people allowed to talk on the calls is controlled by the company. It is not an open invitation on most calls. The IR folks get to pick and choose and prioritize. The analysts are not supposed to trash the company as then they don't get the cozy inside relationships that they are not supposed to have.
Let's take Wiggins suggestion. If they actually said anything important on that separate call, then they should provide that as a press release within 24 hours or have an issue of releasing material non-public information to specific folks.
So, what you are listening to is as close to staged without being staged as possible. Most executive teams rehearse the calls for and prep for what we used to call the "sh*thead" questions. The insight provided by this exchange is rare and Phil already has my opinion of it. Earlier in the call, there was a much more sedate version of the Q&A with Citigroup.
Actually, it's sad that we don't hear clips like this more often on investor calls. Cisco's shareholders should have been ripping John Chambers apart for his mismanagement of the company's strategic position and its huge cash pile. Isn't the whole point of investing to get a return?
I found one thing very funny... CFO Wiggins was clearly trying to move on and CEO Pullen felt compelled to run back in the room and dive on the grenade. I know Pullen's got a tough job, but I like that edge that he's showing. We'll have to find a way to broadcast the audio from the next call live on our site.
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