Bangalore, Feb. 12 The Cisco Chairman, Mr John Chambers, reiterated on Thursday that the company would continue its relationship with Satyam Computer and would not pull out its resources as “we believe in long-term relationships”.
Speaking to reporters here after signing an MoU with the Karnataka Government for an Intelligent Urbanisation project, Mr Chambers said Cisco was impressed with the Indian Government’s initiatives to restore confidence in Satyam.
Mr Chambers said that despite the downturn, the company’s confidence in emerging markets such as India and China would continue and is stronger now more than ever. “We see that India is handling the economic crisis well.” He also told reporters that he personally believed that the US will be the first to come out of the slump and gave an optimistic forecast of the end of the calendar 2009 for a turnaround.
Acquisition plans
Responding to a query on Cisco’s acquisitions, Mr Chambers said that the company may use part of the cash from its recent $4 billion sale of bonds to make small acquisitions in the US, India and China. Cisco may consider buying companies employing about 100 engineers with a ‘hot product,’ for buy-outs, he said.
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