Thread regarding Cisco Systems Inc. layoffs

A previous poster mentioned the CIUS. Between that and whatever the heck the set top box w/a subscription service allowed you to do a watch party with others - Holy Cr-p what was Chamber smoking at the time. I remember a company meeting where he spoke about watching some sporting event with his family that was remote w/it. Like a Cisco product was ever going to be priced and supported as a consumer product.

But the CIUS - again, Holy Cow - what where they smoking? We literally gave them away to partners to try and give to customers and there was Zero uptake.

I'm surprised the ELT at the time didn't try and sell the concept of a Car

Splunk was worth 500 mil.

We're making a fortune and paying very high dividends to stock holders.

Cisco's earnings last quarter dropped over 25% yoy and its market cap is less than half of what it was 25 years ago, something the dividend doesn't make up for. Compare it to the S&P 500 which has gone up over 4X and the NASDAQ is up over 5X over that time.

Cisco bought splunk because of their security product that can detect security threats based on data and analytics.

yeah, like a dozen other existing services in SBG

Cisco bought splunk because of their security product that can detect security threats based on data and analytics. It is used by almost all the Fortune 500 companies. Not for the grafana kinda of features. You guys are getting wrong information.
They will ki-l all the loss Nanking products at splunk and keep t her revenue generating products.

$28B is a lot of money and overpaid . $4-6 billion seems to be the right cost.

Sorry to disagree, but having set in on some critical meetings I say with full confidence that Splunk WILL SAVE Cisco. Not that we need saving. We're making a fortune and paying very high dividends to stock holders. Some of the highest in tech sector.

Companies are buying up Cisco stock like crazy the past few weeks, check for yourself. And the stock price is now projected to hit almost $80 a share! It's at $59 now. That's a tremendous growth year over year.

Please sell your stock so others can enjoy the tremendous dividends and long term benefits. It may not be another Apple but it sure is a great buy right now.

Well, there should be lots of duplicate roles post-acquisition that have yet to be eliminated, soooo...cutting 50% sounds about right. If Cisco actually does this and integrates the rest, rather than just letting them operate as their own island, I'm all for it.

Splunk will make the top 10 list of bad decisions, up there with:

• Flip video cameras
• Cius
• Umi
• AppD

I agree, Splunk was a bad acquisition. It would have been fine at a more reasonable valuable but we paid wayyyy too much.

When Splunk was acquired, there seemed to be an initial flurry of tech talks to introduce Cisco employees to Splunk tech...but...why? I have yet to see Splunk actually used by internal teams. I have now seen two teams deploy Loki, the Splunk-like thing from Grafana. I get that Splunk licenses are expensive and internal teams need to account for that just like external customers...but we're not even making the token effort to dogfood our own tech.

Even the initial energy to get employees to engage some interest in Splunk has tapered off and I haven't seen Splunk-related internal spam in some months. Its just another thing sitting there rotting now, like the rest of it.

Good for original Splunk investors who extracted an absurd amount of $$$ from Cisco...really up there with AOL/Time Warner for legendary awful acquisitions that are instantly regretted

its gonna happen and everyone knows it. splunk was a horrible acquisition. like all products that cisco acquired it will die here once life support is removed gradually. this is the first round.

amen