Cisco CEO disagreed with US proposal to invest in Nokia and Ericsson - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The CEO of Cisco disagreed with a Trump administration proposal to take an ownership stake in Nokia and Ericsson to counter China's 5G offensive

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

"I don't think the US government should make investments in these companies," Robbins told analysts on Cisco's fiscal second quarter earnings call. "I actually think the US is in fine shape. I think both from a carrier deployment perspective, I think we're in great shape. And I think we're in a good position with the technology."

Barr's comments last week sparked a rally in Nokia and Ericsson shares, and the issue came up during Cisco's fiscal second-quarter earnings call on Wednesday when an analyst asked Robbins "on this whole 5G investment commentary coming, you know, coming out of the government." Robbins said he has helped political leaders in Washington understand the US position in the 5G rollout.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sooner or later you fellow Americans will understand and realise that it’s because of you people who Have given MR Trump dictatorship...

Ha, they are mentioning European technology as strategically bold. Haven't read that in decades.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cisco shares drop after earnings report as revenue continues to declineGrowth has been tepid at Cisco, with most of the growth in enterprise IT spending going towards the big cloud vendors. Your news on top and bottom are contradictory CNBC Do you have any idea how stupid this tweet looks?
Source: CNBC - 🏆 12. / 72 Read more »

Cisco beats on earnings, shares rise slightlyGrowth has been tepid at Cisco, with most of the growth in enterprise IT spending going towards the big cloud vendors. ClosingBell Not so fast
Source: CNBC - 🏆 12. / 72 Read more »

CVS Health and Cisco earnings, Powell's second day on the Hill: 3 things to watch on WednesdayWe'll get earnings from CVS Health and Cisco Systems, as well as Federal Reserve Chairman Jerome Powell's second day of testimony to Congress. I heard Jay Powell on CNBC, I had to kill the sound to stay awake at my desk!
Source: CNBC - 🏆 12. / 72 Read more »

Netflix is investing in kids content - Business Insider - Business InsiderGreater investment in kids content from Netflix could cause even more young viewers to migrate away from ad-supported environments Does that mean NetflixFilm will cut back on all the pro-pot exposure in the rest of their programming? Every other show someone is toking up or worse, pretending its harmless. It's out of control. 👎 I think this is a necessary strategy to beat Disney+. Let's be honest, no one but kids is really using Disney+, and if Netflix wants to keep parents using their platform they need to make content kids wanna watch and can watch ElRodrigo69 are you ready? kiddo 3
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ben & Jerry's CEO explains how to align business with a social purpose - Business InsiderBen & Jerry's CEO Matthew McCarthy has seen firsthand how a social purpose can boost employee and customer engagement — as long as it's authentic. Jaquin Pheonix hates Ben & Jerry’s
Source: BusinessInsider - 🏆 729. / 51 Read more »