Excerpt from a Cisco snapshot (it’s not at the burning platform phase yet)
Cisco is in trouble. It screwed up and John Chambers acknowledged as much in his memo to employees Monday, which was later published on the company’s blog. Chambers didn’t go into the details of what has gone down, but after years of following the network giant we can say straight up that Cisco let its eyes stray from the ball. By not staying true to its core networking focus, Cisco managed to let its market share come under pressure from incubent players and upstarts. It also allowed rivals to set the agenda for the next big trend in networking: the idea of one unified network.