SmarTrend(R) News Watch: Cisco Appoints Chief Strategy Officer, Barclays Likes The Choice And Strategy

Wednesday morning, Cisco Systems (NASDAQ:CSCO) announced that its SVP of Corporate Development and the Consumer Group, will take on the additional position of Chief Strategy Officer. Barclays Capital equity research issued the following statement concerning the move, "The appointment cements our view that Mr. Hooper is well-regarded within Cisco and may continue to progress in the upper echelons of Cisco's management team." Barclays went on to say, "We also believe Hooper's additional responsibilities suggest Cisco's comfort with the company's consumer strategy. We continue to believe Cisco's consumer strategy is well-considered, though execution and margin risk are high. Our concerns with Cisco's consumer strategy remain around margins and competitive positioning."

Write to Chip Brian at cbrian@tradethetrend.com

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