CNBC Coverage - now, tell me if this makes sense to you guys???
http://video.cnbc.com/gallery/?video=3000616209
Also, here is a Streamable version without ads:
https://streamable.com/soa0q
I think Buffett should swap from IBM right into Cisco: Trader (5 Hours Ago)
The "Fast Money Halftime Report" traders weigh in on Warren Buffett selling a third of Berkshire's IBM stake.
If you mean mgr not understanding ETA from eng: Is normal.
Looking at my coworkers they are aging so quick. All starting to look 10 years older the managers are promising other teams unrealistic ETAs.
That is good news for Cisco stocks and cisco bangalore and bad news for Cisco US. See more layoffs in Cisco US and more low cost hiring in Cisco bangalore. Unofficial strength of Cisco India is over 30k employees but cisco tends to underplay the numbers in fear of backlash from Trump.
He is looney, its scary to think he manages someones money
Not cutting. Just replacing with cheap or spin in.
IBM too. How's that working out?
instead of coming up with new products that drive Cisco's revenue, they cut employees to lower costs. Lowering costs boosts net income. Higher net income = higher stock value.
The problem of course is how long will they cut the workforce before coming up with a new solid growth product.
I like how he describes Cisco as a "dinosaur tech" lol
Cisco = IBM - 5 yrs.