Cisco announces $1 billion restructuring to take place this quarter in today's earnings release. Also talked up strong margins etc
Legacy tech co's need to redirect all R&D to AI growth opportunities or join integrated player like Broadcom, Nvidia or the hyperscalers.
Otherwise they will be irrelevant forever.
Who is Dave C.?
Nice post, Dave C.
I'll jump in here (where nobody cares, probably), and support "The Real Robin Huber". Robin was in my line of direct report for a number of years - he was no-nonsense, but fair. I didn't always agree with him, but I always respected him.
The comment below which claimed to have been written by "Robin Huber" would never have been written by the REAL Robin Huber.
So say I.
It was just brought to my attention that someone used my name to make a post here (below). Not cool - whoever you are, use your own name or stay anonymous since you want to hide when expressing your opinions, but do not attribute them to someone else. So, to be very clear, the comment below bearing my name was NOT posted by me and if there is an admin that monitors posts I would appreciate it if that post be removed since it is a fake. How do I know this isn't just a mistaken identity and it just so happens it's a person with the same name? Well, because in all the years I worked at the mentioned companies there was never another person there with the same name.
Must be selling a ton of AI Pod with another year stuck at 6.5b revenue.
"Legacy tech co's need to redirect all R&D to AI growth opportunities or join integrated player like Broadcom, Nvidia or the hyperscalers."
So you mean like the AI pod with Nvidia, and all the first-party hyperscaler partnerships? Oh yeah, NetApp has that.
I worked for LSI / Netapp for years. They give zero sh--s about their people. You are a number in a spreadsheet and when revenue drops, axing people is their first thought. They will use you up and sp-t you out and not think twice about it. It is a very poorly ran company with little in the way of innovation in the last 20 years. Get out while you can!
🤡
Yes, legacy tech. Who cares how you describe it, but market views Netapp as d-mb data storage provider, not an intelligent data infrastructure provider like the company is trying to position itself.
Pure Storage trades at 35-38x adjusted earnings while NetApp trades for 15x.
If this company actually started to outgrow market and stopped putting out ultra conservative guidance your RSUs would be worth $250 not $130.
Legacy tech? LMAO. Basic infrastructure will always be there. Every new IT hype needs power, cooling, storage, networking and compute.
AI is yet another HPC workload with some neat marketing around it.
NetApp can find efficiencies. Need to maintain margins when that NAND price goes up.
Doesn't make much sense to be a standalone in data when this is typically an industry that consolidates. Cross selling + cost cutting.
Storage is a product not a company.
TOO much coffee this morning I see; AI is the tulip of the century, and has no clothes if you care to peak. NetApp/storage vendors are actually extremely well placed to train and store all the cr-p generated by your AI requires to pretend to speak cr-p. Legacy tech is one of the most ridiculous phrases I've heard today, but then I did just wake up. The thing about tech plumbing and foundations is that all the stuff you build on top requires it.