Speaking to the AXIA story.An interview with John Chambers, CEO of Cisco, in this past Saturday's Globe and Mail, contained this:
"A bigger technology revolution is around the corner, he promises, thanks to superfast networks and devices capable of handling massive video files.""You'll be able to watch the Senators...with the misplaced friend(in another city), that you have rooting for the Maple Leafs...This is the future. And business will be the same way."" Cisco didn't invent much of this stuff; it buys it. ""I acquire small to medium(sized) companies that are about to move into new markets..."" ."
Reading that, it sounded like it could be speaking to the Axia situation. Then, looking on the Axia website, I see Cisco is indeed listed as an Axia partner. I interpret it positively, but admittedly am looking for a positive spin, in the face of share price recently. I am wondering as to Axia's prospects, revenue, etc.
As in, is the story still sound, or better than ever?
Any thoughts?
Thanks.