I missed John Chambers on CNBC this morning. I wanted to hear what he had to say but unfortunately I was being interviewed about ITEXPO at the exact same time Chambers was on TV. Thankfully, Michael Dinan, a TMCnet editor was on hand to listen to Chambers and write up what he had to say.
Chambers seems relatively bullish on technology and anticipates growth between 12-17% for the long-term. In addition, the world’s largest networking company announced a net of over 10 billion dollars for the fourth quarter. This is the first time the company has exceeded the $10 billion bogey.
Chambers also spent a good deal of time focusing on visual networking and the growth of this market. Since 1997 the company has predicted a CAGR of 46 percent growth rate in visual networking based upon their Visual Networking Index or VNI.
As many of us know Cisco cites the tremendous growth in wikis, blogs, social networking and video sites like YouTube as reasons for the explosion in the VNI.
For more check out this TMCnet article.