Long ago Cisco was hope and a ground layer of the Internet. Now, it's a sorry looking company that is out of touch. Since the 2000, market values it's as just a sitting no innovation company that the only investment they see is for the dividend.
Well folks, Cisco's internal management mishandling is at maximum, while other networking companies are making head ways, Cisco is still fiddling around with Cloud, subscription models that are too late, and 2 cents short of the companies they should have invested in. Switch from Hardware to Software is not easy and it will not matter laying off 7%.