Nominations Open for Channel Insider 2009 Bull’s Eye Awards
Nominations are now open for the Channel Insider 2009 Bull’s Eye Awards, which recognize excellence in customer service, technology prowess, business acumen, channel leadership, communications and community building, and innovation among vendors, solution providers, distributors and channel services companies.
Look for big companies to acquire small companies in the current economy, according to Cisco's CEO. That's because small companies have no exit strategy and are attractively priced right now.
NEW YORK (Reuters) - Cisco Systems Inc (CSCO) Chief Executive John Chambers said it was a good time to acquire small companies, although an uncertain economy meant it was important to maintain a strong cash position.
"Cash is king and queen and the royal family," he told Reuters in an interview on Wednesday, but added that the network equipment maker will use cash to acquire more shares and invest in small companies once the outlook on the economy becomes more clear.
Resource Library:
"It is perfect now to be acquiring small companies because small companies have no exit strategy, the IPO market is dead, and the price of these small companies is very attractive at the present time and probably will remain so," he said. (Reporting by Ritsuko Ando; Editing by Bernard Orr)
Build A More Efficient Data Center
Demands are growing but budgets are not. Solve your pressing IT issues using the resources you already have. Determine which technologies can help you drive efficiencies and how they are applied. Gain a quick ROI on new initiatives Find out how
Let Enterprise TechBrief do the work for you. Aggregated content, tech news, product reviews, vendor updates, how-to’s—all you need to boost your efficiencies and cut costs, all from one place. enterprisetechbrief.com
(Sponsor)
(Sponsor)
(Sponsor)
