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
It really needed a fashion enthusiast. I am shifting from radio to tv. I woke up this morning i said where the blue bowtie. You will be gorgeousity. Were going to ask a guy who knows best this is a story that broke before we set out. Carl icahn is declaring victory against our old. He has been pushing tim cook to buy back 50 billion worth of stock this year. No reasonhat we see to persist with our nonbinding proposal. The company is so close to fulfilling our requested target repurchase. It might also have to do within influential advisor recommending that they vote against this proposal. Lets ring in tom giles. Break it down for us. Not often see carl icahn back down from anything. He saw the writing on the wall. Said thatme out and we see no reason for them to be hamstrung in this way. We do not want them micromanaged. We do not want someone coming in and telling apple to do something beyond what it already does. They have already returned a great deal of their cash to shareholders.
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