NEW YORK (Fortune) — Cisco chief John Chambers has some bad news for the technology sector: He no longer expects the recent slowdown in tech spending to pick up until next year at the earliest. The longtime head of the world’s largest maker of Internet equipment also, for the first time, publicly hinted at his succession plan for the company - a touchy subject within Cisco (CSCO, Fortune 500) that may have led to the departure of at least three top executives. Chambers made his comments in a Reuters interview Tuesday. As one of tech’s highest profile executives and a dogged optimist, Chambers tends to command a fair share of attention when he trims his outlook even the slightest bit. More

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Posted by markw, filed under Economy, Finance. Date: July 9, 2008, 3:18 pm |

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  1. » Cisco chief’s bad news for technology sector Says:
    July 9th, 2008 at 3:42 pm

    […] Business Web Directory Blog wrote an interesting post today onHere’s a quick excerptNEW YORK (Fortune) — Cisco chief John Chambers has some bad news for the technology sector: He no longer expects the recent slowdown in tech spending to pick up until next year at the earliest…. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] […]

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