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LightGaugeGuitarString
LightGaugeGuitarString
12/4/2012 | 10:26:24 PM
re: Cisco's Chambers Glows at N+I
Wile,

Your analysis is based on the assumption that a company's market cap actually represents how much it would cost for Cisco (or any other entity for that matter) to acquire it.

That assumption is incorrect.

LGGS
rickaty
rickaty
12/4/2012 | 10:26:22 PM
re: Cisco's Chambers Glows at N+I
Rumor around the metroplex is that Ron Martin, the #1 man at Fujitsu North America, is heading over to Cisco to lead the 454 group. Anybody want to confirm this for me ?
light_rock
light_rock
12/4/2012 | 10:26:21 PM
re: Cisco's Chambers Glows at N+I
Ron Martin is no longer on their executive bio page.

http://www.fnc.fujitsu.com/com...
davey59
davey59
12/4/2012 | 10:26:19 PM
re: Cisco's Chambers Glows at N+I
Nortel and Cisco decided to have a canoe race on the Hudson River.
Both teams practiced long and hard to reach their peak performance
before the race. On the big day, Cisco won by a mile.

Nortel management decided that a reason for the crushing defeat had to
be found. A "Measurement Team" made up of senior management was
formed.

They would investigate and recommend appropriate action. They
concluded that Cisco had eight people rowing and one person steering ,
while Nortel had one person rowing and eight people steering. So
Nortel management hired a consulting company and paid them incredible
amounts of money. They advised that too many people were steering the
boat and not enough people were rowing.

To prevent losing to Cisco next year, the rowing team's management
structure was totally reorganized. There would be four steering
supervisors, three area steering superintendents and one assistant
superintendent steering manager. Nortel also implemented a new
performance system that would give the one rower a greater incentive
to work harder.
The "Rowing Team Quality First Program" had meetings, dinners and
included free pens for the rower. "We will give the rower empowerment
and enrichments through this quality program," management said.

Next year, Cisco won by two miles.
Humiliated, Nortel management laid off the rower for poor performance,
halted development of a new canoe, sold the paddles and cancelled all
capital investments for the new equipment. Then they gave a "High
Performance" award to the steering managers and distributed the rest
of the money they saved as bonuses to the senior executives.
maryhadalambda
maryhadalambda
12/4/2012 | 10:26:16 PM
re: Cisco's Chambers Glows at N+I
Ha, ha, ha. That's the best post I've seen in a while. Who's the consulting company?
asicNetGuy
asicNetGuy
12/4/2012 | 10:26:16 PM
re: Cisco's Chambers Glows at N+I
atleast not me...but ye i would love to know as well :) sounds like fun
davey59
davey59
12/4/2012 | 10:26:15 PM
re: Cisco's Chambers Glows at N+I
Arthur Andersen.....
opt-out
opt-out
12/4/2012 | 10:26:09 PM
re: Cisco's Chambers Glows at N+I
> http://www.nypost.com/business...

This article is pure bunk. The author claims that in the earnings release, Cisco highlighted pro forma earnings and that you had to look carefully and might even need an accountant's help to find the after-charges (GAAP) earnings. The actual earnings release is here:

http://newsroom.cisco.com/dlls...

Notice that the second paragraph provides details on the GAAP numbers. The third paragraph then states the pro forma numbers. It hardly requires an accountant to read the second paragraph before the third.

The accounting for the synthetic leases was also covered in detail for the analysts/shareholders in the earnings conference call.

I might not be a big Cisco fan, but I'm even less a fan of bad journalism.
jamesbond
jamesbond
12/4/2012 | 10:26:07 PM
re: Cisco's Chambers Glows at N+I
I think Cisco has lot of overhead in terms of
managers too. The reason why Cisco won the
rowing competition is because they hired H1B
slave workers for rowing and told them if they
finish first they will file for their green card
application right away.


PhotonGolf
PhotonGolf
12/4/2012 | 10:26:01 PM
re: Cisco's Chambers Glows at N+I

I'd say the Nortel (and LU) had become quite good at rowing against a clock and incrementally beating their previous times (and telling the customer they should be happy). But Cisco grew up in a world that required beating someone else, time and time again.

Sure ... as Cisco grew their sheer mass reduced their need to "beat someone else", but it appears they can still do it when they need to.

Sometimes it feels like the only people Lucent and Nortel can beat are each other.
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