Cisco CEP John Chambers on CNBC after the company issued a dismal revenue outlook:
We got a couple of air pockets here that surprised us, and I wish we were smarter on that.
Yet, they know on a day-to-day basis how sales are doing.
Will we hit some surprises in the short term? Yes we will, and we’ll adjust.
More surprises to come? Cisco bought set-top box provider Scientific Atlanta in 2006.
Set-top boxes are an area we have expected to weaken up because it’s a pretty saturated market. Consumers are fleeing to over-the-top providers like Hulu
How quickly things change.