AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
DAVOS, Switzerland (Reuters) - Cisco says the current fiscal quarter looks morechallenging than a few weeks ago, but the longer-term outlook has improved.
The networking leader is being hit by reduced investments from its main customers in the telecom sector, CEO John Chambers said in a meeting at the World Economic Forum in the Swiss Alps.
"The business in January was a little bit slow. We said (in an investor meetingon Jan. 10) that the qu
arter surprised us a bit and that it was challenging; well, it's every bit as challenging as we thought it would be," Chambers said Sunday.
Hazy First Half
"It's more challenging than we anticipated," he added.