Cisco eyes more deals to build consumer biz
Cisco Systems Inc Plans to build its home entertainment business further through acquisitions and partnerships.india Updated: Jan 28, 2006 17:51 IST
Cisco Systems Inc Plans to build its home entertainment business further through acquisitions and partnerships, its chief executive said on Saturday.
"Our definition of innovation is doing it yourself, partnering and acquiring. You will see us move on all three spaces," John Chambers told reporters on the sidelines of the World Economic Forum in Davos.
Cisco, the world's largest maker of products directing Internet traffic, took a decisive step into the consumer market in November with a deal to buy TV set-top box maker Scientific-Atlanta Inc For $6.9 billion.
Chambers declined to comment on the company's current performance ahead of the release of quarterly results, but said the mood among CEOs at this week's meeting in Davos had been "pretty good".