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Amid IT spending pause, Cisco's collaboration tools stumble
May 10, 2012 | Hogan Keyser
May 10, 2012 by Larry Dignan via ZDNet.com -- At Cisco Systems, servers and integrated servers are in and collaboration and video are out.
Cisco, a tech bellwether, cut its outlook for the fiscal fourth quarter and said that enterprise IT spending was shaky. Specifically, Chambers said:
When I talk to our customers, they do not see that occurring in their environment and even in the areas that have been going slow like service providers and financial services have said their plans are to spend more in the second half of the year. However, in the very next sentence they said we are waiting to see what happens in Europe and what happens with government policy.
Certainly, a slowdown in Europe is giving CEOs pause. India's economy is also slowing down.
Given the dicey outlook, it's worth noting what businesses are in at Cisco and out.
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