Cisco CEO Chambers Talks Small—Not RIM—When It Comes M&A
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Yes, Cisco Systems (NSDQ: CSCO) has money to spend but not on consumer device acquisitions, according to CEO John Chambers —which seems to rule out BlackBerry maker Research in Motion (NSDQ: RIMM) but isn’t likely to stop the speculation. Chambers told the Goldman Sachs Technology and Internet conference in San Francisco, according to Reuters: “Within the consumer side of the house, I have no interest in a device.”
Chambers does plan “multiple acquisitions but most of them will be small.” Suggestions anyone?
By Staci D. Kramer
@sdkstl
Feb 25, 2009 9:05 PM ET
@sdkstl
Feb 25, 2009 9:05 PM ET
Posted In: Gadgets, Money, M&A & Venture Capital, Mergers & Acquisitions, cisco, john chambers
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