Have pulled out. 1015 years ago, it was much bigger than that. Ericsson, etc. We are the size of market cap and growth and people were read about us with juniper and others and yet will pulled away from them as well. It isnt that cisco i am talking about is how fast his industry is changing. Out of the big six ip players three of us will not be relevant to our customers. You can say that as the Silicon Valley stuff where you move fast. If you look in this role, only 1 3 of you will be relevant in 20 years. When you look at uber and what they did to the taxi industry and amazon with the challenges of walmart. You will see those types of transformation coming everywhere in the world. The nice thing about cisco, if we lead the transformation, we will be in the center of it. Connecting what would be 500 billion devices. People get excited and they feel threatened about it. By some equipment. Buy some equipment. Some businesses today, our technology businesses. The decisions about what the
If you get a chance, you can watch it all again. I do very much encourage dennis will be leading the interview but this is very much a participatory event. We will have plenty of time for westerns afterword so please be ready for questions after that so please be ready. Thank you all for being here. I will hand it over to dennis. It is a comparable time today in new york. Lets get right to it. You recently predicted that perhaps over the next 10 years some of the Biggest Technology companies will not be around. Tell us about who they are, when they are going to go down. [laughter] go right to it. Talk to us about that. It is a very real observation. If you look at hightech industry, if i were to take a step back my competitors from 15 years ago, not one of them exist s. Such as . Synoptics, cabletron, they have pulled out. 1015 years ago, it was much bigger than that. Ericsson, etc. They should have crushed us and yet we are the size of market cap and growth and people were read about
Stay one step ahead of illegal migration on the southern border and to stay one step ahead of our weather conditions, to closely monitor our weather conditions in a very harsh winter. If we shut down, that staff is cut back to a skeleton. Third, approximately 80 of femas permanent appropriated workforce, 80 is for load is for load furloughed. Fourth our ability to grant money to state and local Law Enforcement which they rely upon for their own missions grinds to a halt, either because there is no money or the ability to process payment has been furloughed. Fifth, Service Providers and suppliers of this department did not get paid during the period of the shutdown. Again, because theres no money or our ability to process payments have been furloughed. I could go on and on. Overall, a shutdown of Homeland Security would have serious consequences and amount to a serious disruption in our ability to protect the homeland. To those in congress who may be contemplating hunting or kicking the
Different outcome in expecting a different outcome insanity. I believe our system is broken to the extent that its a moral imperative for congress at this point to step up and act. Our students, our parents, our teachers should not have to settle for a failing system. Before congress i worked in the private sector and also had an opportunity to speak excuse me, to work in state government, including the opportunity to serve as the majority leader of the michigan senate. At that time i saw firsthand how much more effective we can be at the state level to use state resources and control where theyre going than to have the federal government come in, step in and use and expect the state to spend it in a certain way. Mr. Bishop this system of topdown, it does not help the stateses, it puts us states, it puts us in a bad position. Had i had the opportunity, i would have come here in support of the cause as well because i believe its the right thing to do. I believe its high time we defend t
The dow futures are up 23 points above fair value. The s p futures are up by 2. 5 points and the nasdaq is up 5. 5 points. As for the markets in europe, you can see things are decidedly worse with the cac down. 70 . The dax in germany is down. 60 and the ftse is off. 30 . In the meantime, the russian micex indicated slightly higher trading higher this morning, but this comes after steep drops over recent weeks because of what was building up in the situation in ukraine. And the dollar at this point, at least in the morning, youll see this stronger across the board. Euro trading at 137. 73. And the yen is at 102. 456789 andrew, over to you. We have big Business News with apple tv a little closer to actually happening. Apple now reportedly in talks with Nbc Universal parent comcast about a streaming Television Service that would allow apple to bypass congestion on the web. The wall street journal reporting that discussions are in the early stage and there are many hurdles to cross before