Competition from Companies Making cheaper networking gear. Joining us is peterborough lows who covers cisco. Obviously the yost were not expected. Why now . There are probably people relieved because it was as high as 20 rumored. Now i think they are seeing emerging markets a lost a lot worse than they thought. Issues witho having phone carriers, about a third of their business, a very big market. There is a whole lot of change ahead of this company. Are struggling. They need to become more like google and facebook and change the infrastructure so it is less about Telecom Equipment that has to be tested and proven out over 35 years and be more like google and can crank out software eric quickly. It is all about software and not hardware. All about software. That is the transition they will have to get through. This kind of happens every year or has happened the past several years, they buy a lot of companies as well. How does it all add up . They are adding talent at the same time. You
Who covers cisco. Obviously the yost were not these layoffs were not expected. Why now . There are probably people relieved because it was as high as 20 rumored. Now i think they are seeing emerging markets a lot worse than they thought. They are also having issues with phone carriers, about a third of their business, a very big market. There is a whole lot of change ahead of this company. Phone companies are struggling. They need to become more like google and facebook and change the infrastructure so it is less about Telecom Equipment that has to be tested and proven out over 35 years and be more like google and can crank out software eric quickly. Software very quickly. So it is all about software and not hardware. All about software. That is the transition they will have to get through. They sell a lot of really big proprietary stuff. This kind of happens every year or has happened the past several years, they buy a lot of companies as well. How does it all add up . They are adding
Physical merchants in physical stores. Competitors,tting offering much lower transaction fees. And a variety in luxury, from to bumpers. Lights we will tie you how rollsroyce is helping to enhance the latest model. First, to our lead story of the day, alibaba is making final preparations for its ipo, which could become one of the largest in history. The Chinese Ecommerce Company started its investor roadshow on the third with travels to three continents. Alibaba could go public on the New York Stock Exchange by september 16, this according to people with familiar with the matter. We are getting new information on the business of one of his chief rivals, 10 sent. Said net revenue rose in the Second Quarter as it games and gains in shopping services. Also joining us, Bloomberg News reporter leslie picker. I know youre all over this alibaba ipo roadshow. What is the latest . Will this either largest ipo in history . All of the valuation metrics are still a little fluid, but the good data
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