ECONOMICS - Cisco Spends $1.2 Billion For Respect, Was It Worth It

In a recent article discussing the dull nature in which network giant Cisco is perceived to operate, I said that the company needed to do something to excite investors. Because although Cisco has beaten earnings estimates in seven consecutive quarters (and counting), the company is finding it progressively more difficult to earn the respect of Wall Street. However, this time, the company is looking to buy its way into the growth discussion after spending $1.2 billion in cash for Meraki, an acquisition that has left some investors thinking, "Oh no, not again."

http://www.forbes.com/sites/richardsaintvilus/2012/11/21/cisco-spends-1-2-billion-for-respect-was-it-worth-it/