Here’s a quick statistic worth sharing. Cisco (CSCO) CEO John Chambers spoke yesterday at the Credit Suisse Tech Conference and made the following point.
Cisco’s market capitalization has increased from $10B in January 1995 to $110B in November 2005 to $165B in November 2006; during that same period, the aggregate market capitalization of its 12 largest competitors has declined from $71B to $62B to $55B.
Wow. I’d like to get the detail behind this one.
Full Disclosure – I hold Cisco puts as a hedge against other positions. Lucky for me they are not positions in Cisco competitors…