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Nokia/Alcatel-Lucent just as John Chambers predicted
ALLEN, TX -- Nokia’s $16.6 billion acquisition of Alcatel-Lucent is an example of the industry shifting just as Cisco predicted, its CEO said this week.Cisco CEO John Chambers has said that the IT industry in in for some “brutal” consolidation with perhaps only two or three of the top five companies standing in five years. Alcatel-Lucent may be vanishing if Nokia’s offer to swallow the company up is approved.“The market is playing out just as we expected,” Chambers said during an exclusive interview with Network World at Cisco IT Data Center Day here. “It’s going to be brutal, with some musical chairs. They missed market transitions so now they have to move rapidly.”To read this article in full or to leave a comment, please click here

Big names, big money, but few details on an actual product.