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Cisco (CSCO) CEO John Chambers uses the company's shareholder meeting to urge investors to...

Cisco (CSCO) CEO John Chambers uses the company's shareholder meeting to urge investors to support a tax holiday proposal floating in Congress, claiming the repatriation of massive overseas cash balances would bolster Cisco's U.S. spending. ISI's Brian Marshall thinks a tax holiday would translate into larger dividends and buybacks from the likes of Cisco and Microsoft (MSFT)
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Comments (5)
  • pokalolo
    , contributor
    Comments (594) | Send Message
     
    They better use that money for buybacks an buyouts with synergies. We all know the US workforce is too stupid for the high teck jobs. Gates has made that clear for 15 years ! And, CSCO is going to get smashed by Asian compitition and can;t manufacture in the US an compete, Don;t be fooled that Chinese are now making almost a buck an hour !
    7 Dec 2011, 05:40 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7164) | Send Message
     
    Either is better than sitting in overseas accounts. Those dividends will be spent or invested in the US.
    7 Dec 2011, 05:50 PM Reply Like
  • gigabob635
    , contributor
    Comments (244) | Send Message
     
    Recently liberated in Cisco's August 9% RIF and a shareholder, I oppose giving management money used to evade US taxes unless it is directed to increasing US jobs. This does NOT include buying US companies and downsizing them (FLIP, Linksys, Scientific Atlanta). With over $14.5B in acquisitions John generated $3.4B in returns before pulling the plug. Reminds me of advice my father offered on how to become a millionaire - just take a billion dollars and buy an airline.

     

    To right the ship John knocked off 9% of the workforce to "... meet Wall Street expectations". As a Cisco shareholder I realize there are many undervalued options in the US ripe for acquisition - but doubt the current Cisco team is up to cost effective integration under internet speeds. The feds aren't the only ones with their Solyndra. I prefere the new policy of internal growth - and leave the rest of the money in offshore piggy banks. I am concerned about my Cisco valuations with managers diverted by an array of new acquisitions.
    7 Dec 2011, 06:08 PM Reply Like
  • pokalolo
    , contributor
    Comments (594) | Send Message
     
    9% of the workforce was dead weight. More than half were Mexican workers to Foxconn. CSCO's buying spree hurt them an they have shut down aquisitions. Chambers must go ! He has hurt CSCO for a decade and they will see Asian companies biting there main lines soon. As Chamber's commented in the last two release statements. He understates ,but, atlease he mentions it. I sold CSCO on the last release at 19.70 for a 5 dollar gain an won't go near it again. There are 2500 better symbols with growth an CSCO's days are numbered as they must continue to shrink !
    8 Dec 2011, 01:03 AM Reply Like
  • Choosh
    , contributor
    Comments (427) | Send Message
     
    A lot of frustration with CSCO. Their cash hoard and dominant position (for now) absolutely breeds complaceny. CEO and shareholder interests are poorly coupled.
    30 Jan 2012, 10:59 PM Reply Like
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