Gold Sponsors
Array Telepresence Logo   Human Productivity Lab Logo   Ashton Bentley Logo
Silver Sponsors
Bronze Sponsors
Telepresence Options Magazine

Latest Telepresence and Visual Collaboration News:
Full Article:

Cisco's Tough Sell for Videoconferencing

November 22, 2013 | Telepresence Options


Story and images by Ari Levy / Bloomberg Businessweek

John Chambers, the chief executive officer of Cisco Systems (CSCO), used to call telepresence his favorite new technology. In 2006, the year Cisco unveiled videoconferencing hardware priced as high as $300,000 per system, Chambers said it would set records for how fast it became a $1 billion business. "This is the first time in my career that I have seen this type of excitement and interest from CEOs for a technology," he said a year later on an earnings call.

It turns out CEO enthusiasm isn't enough to sustain a market. Cisco's telepresence revenue has been mired in a two-year slump, adding to the company's broader struggle to reverse sales declines. Pacific Crest Securities analyst Brent Bracelin estimates that the products accounted for 1 percent to 2 percent of Cisco's $12.1 billion in quarterly revenue. (The company doesn't disclose sales from telepresence.)

Continue Reading...

Add New Comment

Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.