Cisco Plans to Keep Spending
In the past two weeks, Cisco Systems Inc. has spent $6 billion to acquire Tandberg and Starent Networks. Since 2000 the networking giant has doled out some $45 billion for more than 85 companies.
When's it all going to end? No time soon, according to Ned Hooper, Cisco's chief strategy officer.
Hooper told Dow Jones that despite the high ticket items, Cisco will continue its aggressive acquisition posture. He said that the vendor is prepared to use cash and stock for any future deals.
With about $35 billion in cash at the close of last quarter, Cisco's stash is among the largest in the industry.