Cisco CEO says not in talks to buy big companies
Cisco Systems Inc is not in deal talks with any big companies, Chief Executive John Chambers said in response to a question about his interest in buying giant storage company EMC Corp on Wednesday. "We don't have any negotiations with any large companies at this time" Chambers said in an interview broadcast on CNBC. Chambers said that while he would "never say never, he noted that Cisco was focused on small and medium-sized acquisitions while it likes to forge partnerships with companies as big as Microsoft Corp or EMC, the world's biggest maker of corporate storage products.
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