Flanked by a coterie of gadgets in a private suite at the USA’s biggest consumer electronics show, Cisco Systems CEO John Chambers might seem like the proverbial fish out of water.
Yet the leader of the computer-networking giant had delivered a keynote speech at the Consumer Electronics Show [and] was outlining its consumer plans.
It’s all part of Cisco’s audacious gambit to plunge into new markets, spend billions to snap up companies and partner with others, despite a sour economy.
“We were never more aggressive than we were last year, during one of the worst economic crises we have ever seen,” Chambers said in an interview with USA TODAY.
He predicts 12 percent to 17 percent annual growth for Cisco in the next five years, regardless of the economy. “You never want to waste a good crisis,” he says.
Chambers — and Cisco — seem to be everywhere.
Last week, it was the sprawling CES in Las Vegas. In September, he was in New York, speaking on education reform in the U.S. That same month, he rubbed shoulders with NFL Commissioner Roger Goodell and Dallas Cowboys owner Jerry Jones at the team’s $1.2 billion palatial stadium. Cisco is technology partner at the stadium.
In April, Chambers addressed leaders of General Electric and Florida Power & Light in Florida about a smart-grid project. And he has frequently huddled with the Obama administration on the use of technology in the $787 billion stimulus package.
A buoyant Cisco is even planning a new hardware-software platform — the Cisco Unified Computing System — in pursuit of the multibillion-dollar business for equipping thousands of data centers run by corporations.
Partners Become Rivals
Numerous acquisitions have thrust Cisco into new markets such as computer servers and business-collaboration software, where the company now finds itself in direct competition with traditional business partners such as Hewlett-Packard, IBM and…