Cisco Systems has missed the bus on many tech waves. Can the Internet bellwether stage a comeback?
Synopsis
The networking giant, closely linked to the growth of Internet, is at a crossroads. Having missed multiple tech waves, the company is shifting its focus from hardware to services. But the problem, according to industry experts, is that Cisco is increasingly looking like what IBM was 15 years ago.
Back in 2000, Cisco Systems was among the few technology companies to cross a market cap of USD500 billion, adding not only to the folklore of Silicon Valley companies but also attesting the expanding reach of technology in people’s daily lives. Soon, the Internet and Cisco became synonymous.Cisco was behind the core infrastructure of the Internet. Two decades later, with more than half of the world’s population having access to the Internet,
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