"If the majority of our money remains outside the U.S. . that's where you'll see us acquire...

"If the majority of our money remains outside the U.S. .... that's where you'll see us acquire going forward," says John Chambers, suggesting Cisco (CSCO) won't make a major U.S. acquisition unless it can repatriate offshore cash (currently 80% of its balance) at a lower tax rate. Both of Cisco's 2013 acquisitions - Cognitive Security and Intucell - have involved foreign companies, and so did its largest 2012 acquisition (the $5B purchase of NDS). (previous)

From other sites
Comments (12)
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
    John does not understand. Lord Obama can issue another executive order and take away all of CISCO's cash overseas.
    15 Feb 2013, 01:04 PM Reply Like
  • getshorty
    , contributor
    Comments (563) | Send Message
    Right, and all the right wingers like John Chambers who claim to be "patriots" will continue to dodge taxes and saddle the middle class with really expensive things like aircraft carriers. You can't have it both ways. You can't create the conditions for building vast wealth (infrastructure, military) without paying for it. The corporate tax rate is too high. It should be lowered. Once we undo the damage done by the worst president in US history (yes, even worse than Ronald Reagan) and pay back the trillion dollars spent on the war that accomplished nothing with the country who never attacked us, then we can talk about finances.
    15 Feb 2013, 01:55 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
    Yet under Lord Obama, more people are on food stamp. 30M to 45M now. Higher taxes for middle class. Lower average income for middle class. Lower education rate. We can go on. Well, lord Obama donated to financial institutes and his fraudulent programs. Excited to see when 11M illegals become citizens and welfare programs go bankrupt.
    15 Feb 2013, 02:20 PM Reply Like
  • Mrnomad
    , contributor
    Comments (359) | Send Message
    Actually, Bush's war accomplished a lot for the oil exploration companies. Big oil could not get the terms it wanted from Saddam so the military was called in to boot his butt out. But this is nothing new. The real ignorance lies with that half of the US voters who refuse to see it. Instead of using the country's wealth to take care of the country's people, we allow boards of directors to make extraordinary amounts of $$ while the populace grovels for health care governed by the insurance companies, crappy education, drug prices set by the drug companies and so on. It never ceases to amaze me that humans learned to walk upright when so many work against their own self interests every time they vote. The epitome of ignorance belongs to those who voted for snake oil salesman Paul Ryan.
    16 Feb 2013, 02:11 PM Reply Like
  • Mrnomad
    , contributor
    Comments (359) | Send Message
    Yes, Lord Obama whereas Mitt & Ryan were men of the people. Give me a break. Too bad voters do not have to pass an ignorance test. Obama is far from perfect, but the alternative was utterly pathetic.
    16 Feb 2013, 02:13 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3711) | Send Message
    " Mitt & Ryan were men of the people."


    Which sort of people are you talking about?


    I suppose you mean most of the USA population ... out of touch with reality.
    17 Feb 2013, 05:40 AM Reply Like
  • llucie
    , contributor
    Comments (3) | Send Message
    I wouldn't count on Lord Obama doing that. Cisco has more money than the US.
    Just being facetious but the backlash from huge US corporations would be too great.
    15 Feb 2013, 04:13 PM Reply Like
  • nobeef
    , contributor
    Comments (2) | Send Message
    Another delusional CEO worth 1B. Trust me this dude has no idea how average people think. Remember one of the financial CEO's during the crash? Folks where amazed about why he would need a 30k trashcan and asked him about it..he did not understand what was strange about that, he did not get. Such is the mind of folks like John.
    15 Feb 2013, 04:16 PM Reply Like
  • lkenemours
    , contributor
    Comments (15) | Send Message
    A CEO has fiduciary duty to his/her shareholders. A corporate CEO's job is to wisely use corporate money for the best interest of his/her shareholders. He/she SHOULD invest the money where it has the lowest risk with the highest return. If he/she does not do that, he/she SHOULD be fired immediately. The US has the highest corporate tax rate i the world (WSJ statistics; JP used to be number 1, but it has reduced its rate). I hope US can lower the corporate tax rate such that US will be more competitive (Switzerland has a low rate of merely 7%; that is probably why, as such tiny country, Switzerland is home to the world's largest food company Nestle and banking/pharmaceutical... giants).
    15 Feb 2013, 04:17 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
    We can see what France just become after socialism took over. Its economy in dumpster.
    15 Feb 2013, 04:40 PM Reply Like
  • grunfeld
    , contributor
    Comment (1) | Send Message


    Are there any right wing myths you don't believe. The increase in food stamp use is do to the financial meltdown cause by conservative policies. Americans now have the lowest tax rates in 50 years, Lower education- because obstructionist republicans don't want to pay teachers.


    Obama on his worst day is better than any republican on their best day.


    And now we hear from that great patriot John Chambers. Cisco is paying an effective tax rate below 10% and he whines about it. Does he cry about hiring workers educated in the U.S., use the roads built here, our justice system that protects Cisco patents, etc.


    He probably doesn't think much about that as he sits down with his accountants to figure out how much wealth he can export.
    18 Feb 2013, 03:22 AM Reply Like
  • horseman
    , contributor
    Comments (229) | Send Message
    With NO leadership from D.C John C. should go forward with M & A, or purchases of high-profit-margin synergistic companies that will strongly accrete to the bottom line. Think global anywhere there is excellent shareholder value to be gained.
    18 Feb 2013, 03:56 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs