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

|By:, SA News Editor

"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)