Jul 20, 2011

The Rise and Fall of the Cisco Empire
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Written by : Tom George| 0 | Business

Via Scoop.itinternetbillboards

Yesterday Cisco announced that it will lay off 6,500 employees and sell a manufacturing plant in Juarez, Mexico to Foxconn to shave off an additional 5,000 employees. This follows Cisco’s decision to discontinue its Flip camera products and its Eos video/social platform. It wasn’t long ago that Cisco was expanding into new markets and burning through billions of dollars acquiring companies like WebEx, Tandberg and Flip. So what happened? Too Much Success Cisco’s current predicament is a classic story of being the victim of one’s own success. During the peak of the dot-com bubble, Cisco passed Microsoft to become the most valuable company in the world. After all, the company was selling the gear that made the Internet work. It was also seeing some success as it expanded into corporate VOIP products, which we’ll come back to.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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