Pres. Obama's re-election doesn't bode well for the odds of a tax holiday on overseas cash, notes Eric Savitz. That's problematic for large-cap tech names such as Apple (AAPL), Microsoft (MSFT), and Cisco (CSCO), which respectively have $83B, $54B, and $42.5B stashed overseas (per their most recent financials). As Savitz observes, there's a good chance some of that cash will be used on foreign acquisitions, especially in light of recent deals such as Microsoft/Skype and Cisco/NDS. [View news story]
This is why Tax reform is needed to level this field. There will be much debate on this issue in the next 4 years. But at the end of the day the theme of taxing the corporations and the rich will prevail as We the people mandated in re-electing OBAMA. Little room for compromise here
Simplistic popular belief or not. it is the right thing to do. The demographics will support this mandate.
You guy's can move to another country if you don't like it.
may not be a reality for the pure capitalist.
Question: Can an average person bring in to the USA money from overseas more than 10K$, and not get taxed, ( try it) lets see what the US customs say. Try that with other countries, they get locked up quickly.
Pres. Obama's re-election doesn't bode well for the odds of a tax holiday on overseas cash, notes Eric Savitz. That's problematic for large-cap tech names such as Apple (AAPL), Microsoft (MSFT), and Cisco (CSCO), which respectively have $83B, $54B, and $42.5B stashed overseas (per their most recent financials). As Savitz observes, there's a good chance some of that cash will be used on foreign acquisitions, especially in light of recent deals such as Microsoft/Skype and Cisco/NDS. [View news story]
This understandable since they don't want to pay taxes on these profits while the average wage earner has too. A clear example why there is disparity on taxation for the rich. Let them keep their money overseas until the potential catastrophic collapse of economies in Europe. Then their assets wont be safe an they will rush back to the USA to pay taxes to save their billions. No tax break for companies who export jobs and keep financial assets overseas. Maybe we will learn a lesson on greed.
All That Hate You've Heaped On Cisco? Don Yacktman, Cash Flow Lover, Thanks You [View article]
Great if you're happy with that benchmark. There are other better choices as the chart above indicates. Its all about efficiency, performance and growth. Compared to their previous years, Cisco is caught napping and Chambers admits that. Change has to happen and should start with himself. He has done his job its time for a successor to spark some growth. Apple, Google and HP has done it. Its Cisco's turn. Retirement is not bad.
All That Hate You've Heaped On Cisco? Don Yacktman, Cash Flow Lover, Thanks You [View article]
Its time to move on on Cisco. Maybe you can convince our newborn but not the rest of us who had been burned. Its all about time. There are other good choices than Cisco. this dinosaur is is looking for warmer climate. its got miles of of tar pits to go thru. Maybe in the next life time.
Cisco (CSCO -1.7%) is laying off another 1,300 workers, or 2% of its workforce, Bloomberg reports. The layoffs follow last year's huge restructuring, in which Cisco slashed 6,500 jobs. Cisco critic Brad Reese passes on an unconfirmed rumor that the company's WAN optimization hardware team was hit - if true, that would be a positive for market leader Riverbed (RVBD -3.9%) [View news story]
Yes I agree, Cut Upper management salaries/ They are over paid and way too many layers. Their management structure is too redundant, too many managers doing the same thing. Too much fat on the Supply Chain group.
Hmmm, Cisco almost too big to fail. they are following the banks strategies. The company is run by interns, experience people were laid off for being too costly and unwilling to make senseless changes. Time for another rotation starting at the top.
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
Hello Brad, I agree with you completely. That's why we had a name for these opportunistic parasites. ( Cisco Mafia) They were not really practicing engineers as they did not do much technically they just executed and drove us to the game plan. In my opinion there should be 50% tax or more on these type of heist. Maybe not yet in my lifetime. Seems it had better odds than winning the lotto.
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
Hi Brad,
Yes your right, I was aware of this too. I worked on the Nuova proto which became the N5000 under the Cisco product line. I will reserve my comments about the product as I am signed to secrecy. I know these people intimately during the product development cycle and all the backdoor talk that went with it. Its was all carefully planned and executed brilliantly to their advantage. We poor peons can only watch in amazement. I must admit we benefited from the bonus and good execution rewards that came with good work. Noting compared to the bosses that cemented their retirement fund.
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
SMKirby thinks he is educated enough to to read into this strategies. Try again, they got away with it because there are no laws that specifically address this schemes otherwise they would not do it. Unless you were there physically working for and under the direction of those 3 guys you wont really know the extent of those schemes. This is not the only thing going on at Cisco. There is more than what is being talked about publicly. Maybe someday they would be illegitimate when people really look into this kind of profiteering and have powerful laws to address them. Corporations have more political power than we think. They are trying to legalize it this November.
All the education in the world cant do anything about it for now.
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
I agree Companies have to reinvent itself every 5-6 years and that should include its CEO. He admits being stagnant for some time. He should retire and enjoy his loot on his 17 year effort. Cisco needs a new visionary leadership. So far its all talk and no play for Cisco stocks or maybe they prefer it to be under valued at 20. ( a strategic greed) I agree with the other comments: on foreign earnings tax evasion and Spin in strategies. I experienced this first hand when I worked directly for those guy's. We called them Cisco Mafia. Its Capitalism at its best. Who cares about social responsibility or integrity, That's only for text books. Corporate America can buy the laws to protect them ( and that's not on the text books)
Cisco (CSCO) CEO John Chambers tells Charlie Rose he expects international markets, which account for 55% of sales, to account for 70% of future growth. He also says the acquisition of set-top software firm NDS was motivated by the boom in online/cloud video, and suggests U.S. tax policy (which has kept Cisco from repatriating overseas cash) bears responsibility for a decline in IPO activity. (yesterday) [View news story]
Yes Corporations like Cisco should be taxed for taking American Jobs overseas. They cant continue to do business as usual in the USA when the majority of their jobs are overseas. If they want to do business there they should relocate overseas.
There is a price for the American Market, that is to create American Jobs and pay Taxes on their fortunes. Why does the American people have to bare more of the burden for these Big corporations by giving them tax breaks and none for the American labor. We need a flat rate for everyone based on our income percentage. enough politics, just fairness.
Pres. Obama's re-election doesn't bode well for the odds of a tax holiday on overseas cash, notes Eric Savitz. That's problematic for large-cap tech names such as Apple (AAPL), Microsoft (MSFT), and Cisco (CSCO), which respectively have $83B, $54B, and $42.5B stashed overseas (per their most recent financials). As Savitz observes, there's a good chance some of that cash will be used on foreign acquisitions, especially in light of recent deals such as Microsoft/Skype and Cisco/NDS. [View news story]
There will be much debate on this issue in the next 4 years.
But at the end of the day the theme of taxing the corporations and the rich will prevail as We the people mandated in re-electing OBAMA.
Little room for compromise here
Simplistic popular belief or not. it is the right thing to do.
The demographics will support this mandate.
You guy's can move to another country if you don't like it.
may not be a reality for the pure capitalist.
Question: Can an average person bring in to the USA money from overseas more than 10K$, and not get taxed, ( try it) lets see what the US customs say. Try that with other countries, they get locked up quickly.
Pres. Obama's re-election doesn't bode well for the odds of a tax holiday on overseas cash, notes Eric Savitz. That's problematic for large-cap tech names such as Apple (AAPL), Microsoft (MSFT), and Cisco (CSCO), which respectively have $83B, $54B, and $42.5B stashed overseas (per their most recent financials). As Savitz observes, there's a good chance some of that cash will be used on foreign acquisitions, especially in light of recent deals such as Microsoft/Skype and Cisco/NDS. [View news story]
in Europe. Then their assets wont be safe an they will rush back to the USA to pay taxes to save their billions. No tax break for companies who export jobs and keep financial assets overseas.
Maybe we will learn a lesson on greed.
Cisco Ready To Maintain $20 Level By 2013 [View article]
You better get to work on it.
Cisco Systems: Patient Shareholders Will Be Rewarded [View article]
Cisco Is Worth $26 As Margins Stabilize And Networking Focus Is Back [View article]
Cisco Is Worth $23.50 As Restructuring Pays Off [View article]
All That Hate You've Heaped On Cisco? Don Yacktman, Cash Flow Lover, Thanks You [View article]
Its Cisco's turn. Retirement is not bad.
All That Hate You've Heaped On Cisco? Don Yacktman, Cash Flow Lover, Thanks You [View article]
Cisco (CSCO -1.7%) is laying off another 1,300 workers, or 2% of its workforce, Bloomberg reports. The layoffs follow last year's huge restructuring, in which Cisco slashed 6,500 jobs. Cisco critic Brad Reese passes on an unconfirmed rumor that the company's WAN optimization hardware team was hit - if true, that would be a positive for market leader Riverbed (RVBD -3.9%) [View news story]
Amazing Cisco Blunder [View article]
Time for another rotation starting at the top.
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
I agree with you completely. That's why we had a name for these
opportunistic parasites. ( Cisco Mafia) They were not really practicing engineers as they did not do much technically they just executed and drove us to the game plan.
In my opinion there should be 50% tax or more on these type of heist. Maybe not yet in my lifetime. Seems it had better odds than winning the lotto.
Herb
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
Yes your right, I was aware of this too. I worked on the Nuova proto which became the N5000 under the Cisco product line. I will reserve my comments about the product as I am signed to secrecy. I know these people intimately during the product development cycle and all the backdoor talk that went with it. Its was all carefully planned and executed brilliantly to their advantage. We poor peons can only watch in amazement. I must admit we benefited from the bonus and good execution rewards that came with good work. Noting compared to the bosses that cemented their retirement fund.
regards,
Herb
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
Try again, they got away with it because there are no laws that specifically address this schemes otherwise they would not do it.
Unless you were there physically working for and under the direction of those 3 guys you wont really know the extent of those schemes. This is not the only thing going on at Cisco. There is more than what is being talked about publicly. Maybe someday they would be illegitimate when people really look into this kind of profiteering and have powerful laws to address them. Corporations have more political power than we think. They are trying to legalize it this November.
All the education in the world cant do anything about it for now.
Cisco CEO John Chambers: Firms Must Reinvent Themselves Each 5 To 6 Years [View article]
I experienced this first hand when I worked directly for those guy's. We called them Cisco Mafia. Its Capitalism at its best. Who cares about social responsibility or integrity, That's only for text books.
Corporate America can buy the laws to protect them ( and that's not on the text books)
Cisco (CSCO) CEO John Chambers tells Charlie Rose he expects international markets, which account for 55% of sales, to account for 70% of future growth. He also says the acquisition of set-top software firm NDS was motivated by the boom in online/cloud video, and suggests U.S. tax policy (which has kept Cisco from repatriating overseas cash) bears responsibility for a decline in IPO activity. (yesterday) [View news story]
There is a price for the American Market, that is to create American Jobs and pay Taxes on their fortunes. Why does the American people have to bare more of the burden for these Big corporations by giving them tax breaks and none for the American labor.
We need a flat rate for everyone based on our income percentage.
enough politics, just fairness.