Posts Tagged ‘CEO John Chambers’

Oh No… You Heard It Here First (Lucent Gastric Reflux)

Oh No… You Heard It Here First (Lucent Gastric Reflux)

Courtesy of Karl Denninger at The Market Ticker

Cisco Chairman And CEO John Chambers Gives Keynote At RSA Conference

Oh please tell me this is BS:

NEW YORK (TheStreet) — When Cisco last took the stage in November, CEO John Chambers predicted an uplift in business. He didn’t mention at the time that the company would offer to lend a hand in the form of zero-percent financing.

Taking a page from the automakers’ playbook circa 2002, Cisco introduced three-year, interest-free financing for its small and mid-sized business customers last week. The cheap loans are sure to help juice sales to cash-strapped customers far and wide.

Uh, no.  That’s not the playbook of automakers circa 2002.

LucentIt is the playbook of Lucent circa 1997.

Need I remind anyone how that story ended?

Lucent "sold" a metric boatload of hardware on capital financing at essentially zero interest terms to Winstar Communications – the firm that bought my Internet company – along with many others.

Winstar (and others) ultimately defaulted, unable to make their business goals turn into actual long-term cash flow.

Lawsuits flew and ultimately Winstar folded, all but destroying Lucent in the process, as they were stuck with an unbelievable amount of financed hardware that was not only generating no cash flow but which had depreciated (as all computer and network equipment does) to an insane degree the moment it was put into service.

Lucent – one of the most-storied technological companies ever to exist in the United States, the spun-off parent of Bell Labs that had years ago invented the transistor and slung us into the digital age and which held a solid majority of all telephone switch business in the United States, was later essentially forced to merge with Alcatel to avoid bankruptcy.

This is Ponzi-style financing and John Chambers knows better, having survived the 2000 tech crash in no small part because he didn’t do the same thing that Lucent did and thus didn’t get hammered by the defaults when the bust came.

The market has paid exactly zero attention to this "contribution" to CISCO’s sales, and it won’t in the immediate future either.  You can count on it.  I’m willing to bet there will not be one mainstream analyst who will point this out tomorrow morning in a research report and…
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Zero Hedge

Former Intel Chief Pushing To Move 2022 Beijing Olympics "On National Security Grounds"

Courtesy of ZeroHedge View original post here.

President Trump's final director of national intelligence during the last months of the administration is a well-known China hawk who previously dubbed China "National Security Threat No. 1". This week John Ratcliffe is garnering new attention for urging the IOC to move the 2022 Winter Olympics from Beijing.

Former DNI Ratcliffe told Axios that the Chinese Com...



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Phil's Favorites

What are dark patterns? An online media expert explains

 

What are dark patterns? An online media expert explains

It’s not you; many e-commerce websites are difficult to use by design. fizkes/iStock via Getty Images

Courtesy of Jasmine McNealy, University of Florida

Dark patterns are design elements that deliberately obscure, mislead, coerce and/or deceive website visitors into making unintended and possibly harmful choices.

Dark patterns can be found in many kinds of sites and are used ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Saturday, 13 March 2021, 06:40:57 PM

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Comment: @crossbordercap Peak liquidity already evidence from our GLI momentum signal...has 6-9 month lead-time on markets and 15-20 months on economies



Date Found: Friday, 19 March 2021, 10:55:22 PM

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Comment: ...



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Biotech/COVID-19

Americans Tend To Stick To Their Stance On COVID-19 Vaccines

 

Source: Bloomberg, via ZeroHedge

Courtesy of Felix Richter, Statista

As U.S. health officials and the Biden administration desperately try to kickstart the stalling rollout of COVID-19 vaccines in face of the highly contagious Delta variant, President Biden...



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Digital Currencies

What are stablecoins? A blockchain expert explains

 

What are stablecoins? A blockchain expert explains

Stablecoins promise more stability than other cryptocurrencies. DenBoma/iStock via Getty Images

Courtesy of Stephen McKeon, University of Oregon

Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.

The majority of the dozens of stablecoins that currently exist use the dollar as their benchm...



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Politics

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

 

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

A lot of coastal infrastructure wasn’t designed for the frequent flooding and crashing waves brought by rising seas. Jeffrey Greenberg/Universal Images Group via Getty Images

Courtesy of Bryan Keogh, The Conversation and Stacy Morford, The Conversation

...



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Promotions

Free Webinar Wednesday: July 7, 1:00 pm EST

 

Don't miss Phil's Webinar on July 7 at 1:00 pm EST. It's FREE and open to all who wish to join.

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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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