Is Cisco CEO on dope?
September 1, 2010 Leave a comment
I have been doing some research on US economy data since early this morning and came across a few conflicting reports and videos from our beloved networking company, Cisco Systems.
Not sure how reliable the Cisco’s CEO, John Chamber is anymore. This was him back in Feb/March this year when he was in Washington, D.C. – very Bullish:
Vodpod videos no longer available.
Five month forward, he said there are mixed signals from the U.S. economy via video link at the annual meeting of French employers association MEDEF (Mouvement des Entreprises de France) yesterday.
“If you look at numbers there are mixed signals on the economy,” Chambers said.
Chambers further explained both the Asian and the European economy is holding up better than expected and congratulated European governments on their work during sovereign debt difficulties.
“I believe there is still a great deal of uncertainty in American business.”
“It’s a little frightening that as we look at economic growth everywhere else […] both in Europe and the United States we’re not reaching our potential,” he added.
Donohue also urged the conclusion of free trade agreements and said that this would increase U.S. and European growth by “significant numbers.”