Cisco says network spending still hampered by economic jitters
Economic uncertainty is still putting a damper on some network spending, and that won't change in the next few months, Cisco Systems said Wednesday.The dominant networking vendor reported slightly higher sales for the three months ended April 30 but said enterprises remained cautious about replacing LANs that still work. That continues a trend the company identified in February, the last time it posted financial results.MORE ON NETWORK WORLD: 15 more useful Cisco sites At that time, Cisco cited January's stock-market fluctuations. Stocks have regained ground since then, but orders for campus network gear haven’t rebounded, CEO Chuck Robbins said Wednesday. Overall switching revenue was down 3 percent in the quarter.To read this article in full or to leave a comment, please click here