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Cisco’s Board Has Some Explaining To Do

Over the last five years, Cisco’s board has plowed $27 billion into buybacks.  What are they thinking?

Cisco’s executive chairman, John Chambers, warned three years ago that the shift to cloud computing was throwing the future of the IT industry into a massive shakeup. Specifically, he said publicly that Cisco was in the midst of a “brutal, brutal consolidation of the IT industry where out of the top five players, only two or three of us will be meaningful in as quick as five years.” [1]

[1] By Arne Alsin for Forbes

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