Better year predicted for Cisco in 2012 - Network Accessories

Better year predicted for Cisco in 2012 - Network Accessories Network equipment manufacturer Cisco is set for a turnaround in fortunes this year, one commentator has predicted.

Writing for Barron's, Michael Santoli said the firm's share price is set to rise after a difficult 12 months.

He noted that, in 2011, Cisco fought through a "tough" product transition, and suffered from the demise of its ill-conceived Flip video-camera initiative and slower cable-box sales.

A decline in tech spending by governments - major clients of the firm - also hit overall turnover, as did "bruising" price competition in the network switches market.

"In response, Cisco streamlined its engineering-management team, cut headcount and curtailed its consumer-product ambitions," Mr Santoli stated.

This has left the networking giant well-placed to enjoy a strong 2012, he suggested.

According to Infonetics Research, Cisco's fortunes began to improve during the third quarter of 2011 with a strong three months in the Ethernet switches market.

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Last Updated: 09/01/2012 11:27

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