A Quote by Douglas Leone
If you choose a market that already exists, say, networking equipment, you have to compete with an established company like Cisco. Even if your product is marginally better, Cisco can fudge it and outsell you.
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The stock prices of networking equipment companies like Cisco Systems and Nortel Networks sometimes seem as if they are priced for perpetual success.
During the time of Webex growing from $0 to greater than $700M, the company was sold to Cisco. The Webex team lost the passion and drive to further grow the business because many Webex veterans left and Cisco's integration with Webex was not successful.
In 2007 WebEx was acquired by Cisco and I became Cisco's Corporate VP of engineering, in charge of collaboration software.
Our success at Cisco has been defined by how we anticipate, capture, and lead through market transitions. Over the years, I've watched iconic companies disappear - Compaq, Sun Microsystems, Wang, Digital Equipment - as they failed to anticipate where the market was heading.
When I look at the success of the Cisco Networking Academy program, which has reached more than 4.75 million people since 1997, I know it could have never achieved this scale without our partners. Together we provide the tools, equipment and training for our students and teachers.
Almost every move in the market is either a move to align with where Cisco is going or to align to compete against us or to utilize that technology.
If I were a Chinese dissident, I'd be grateful that Cisco had helped bring the Internet to China, but I'd also be outraged that Cisco may have helped the cops keep me under surveillance and catch me trying to organize protest activities.
As IT enters the mobile-cloud era, IT providers need to be more innovative about addressing customers' fast changing needs. Over the past two years, Cisco and Citrix have collaborated to deliver significant innovation into the market. Now we are excited to accelerate our partnership into cloud, networking and mobility.
The purity of sound that Cisco Music and Bernie Grundman have achieved with this 45rpm version of Famous Blue Raincoat 20th Anniversary Edition is shockingly perfect. I have never heard any version of Famous Blue Raincoat which sounds better... and I've heard them all. No caveats: This LP set is unbelievably gorgeous. I have been waiting two decades to hear it like this. Cisco's 45rpm edition is simply as good as Famous Blue Raincoat gets.
Cisco presents our biggest challenge in the firewall market for the fact that they have such a large percentage of market share. Displacement of an entrenched incumbent is always a challenge.
At Cisco, I made every decision based on what was good for the company, and that pretty much ruined my marriage and my health.
The Cisco announcement that their revenue might slow due to shortage of parts meant, therefore, Nortel was down because it's competing in the same market. I think that was the big negative.
Every company, city, and country is becoming digital, navigating disruptive markets, and Cisco's role in the digital transformation has never been more important.
I long had a goal of becoming president of a company. But it was not till I was 57 years old that I became president of Cisco Systems with its 34 employees. Life offers opportunity at every stage.
When the functionality of a product or service overshoots what customers can use, it changes the way companies have to compete. When the product isn't yet good enough, the way you compete is by making better products. In order to make better products, the architecture of the product has to be interdependent and proprietary in character.
Cisco never had a red quarter. Never. Took us three years to get funding, and in those three years, we were never in the red, and that was because we had two products to sell. They were not sexy or cool, but we had enough of a market that we could generate enough of a cash stream to grow the company.
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