Cisco is a dominate player in the networking, security, and communications markets, but they are facing ever stronger head winds. Their current business model cannot sustain these headwinds and their ability to quickly innovate and adapt is getting weaker.
One of my first moves after leaving Gartner was to own technology stocks again. I bet on teams of people who work well together more than I bet on raw technology. Speed of innovation and adaptation is what wins in the technology market versus relying on the patent process to guard intellectual property. Cisco is being challenged by: