• Most Popular
  • Most Shared

Chambers says Cisco clients mixed on economy

NEW YORK
Wed Sep 3, 2008 9:38am EDT

Stocks

   

NEW YORK (Reuters) - Cisco Systems Inc (CSCO.O) is seeing mixed views from its customers around the world, Chief Executive John Chambers said in response to a question about global technology demand in an interview with CNBC.

Stocks  |  Global Markets

Chambers said on Wednesday that network equipment maker Cisco's customers were still expecting an economic recovery in the first half of 2009.

While he said there were still challenges in the U.S. market Chambers said demand in emerging markets, the Asia Pacific region and in Europe appeared to be holding up well.

He said that while improvements in demand from the U.S. financial services sector in the last quarter and a half were a good sign it was too soon to say if this would last.

(Editing by Dave Zimmerman)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article