Brad Reese on Cisco
Cisco Russia financed more than $700 million in sales
by Brad Reese
In a six-page Fast Company article about Cisco this week, Cisco CEO John Chambers is quoted as stating: "In Russia, our leasing portfolio is more than $700 million, with one small write-down for only $200,000."Chambers' quote above really caught my attention because according to its Form 10-K filed with the SEC on Sep. 15, 2008, Cisco's $700 million leasing portfolio in Russia would represent more than 49% of Cisco lease receivables, net. Note: Verified with Cisco the accuracy of... 2


training course to teach workers ethics, Cisco is using an interactive training program that mimics the TV show American Idol, according to a 