FIRST AIRED: May 23, 2017

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00:00:00
one of the longest serving silicon valley c. e. o. it is stepping down john chambers cisco's top executive for twenty years staying monday he will leave his post in july marking the end of an era for the one time dot com darling , we're just breaking views columnist bob sharon when he first came to the company networking is expanding incredibly tremendously he did lots of things that were right at the time , he bought a lot of come , plug them into cisco and the company grew phenomenally , but then %HESITATION growth slowed is like the facebook of the day twenty years ago , now it's more just a slow kind of traditional company tech , it's go built its reputation on networking technology there's growth slowed chambers made a series of questionable acquisitions , from set top cable boxes to consumer electronics , investors weren't impressed , even as the tech heavy nasdaq composite index , trade near record highs cisco's market cap is about a quarter of what it was during the dot com boom , the changing of the guard could help me focus the company i'm generating revenues , chambers will hand over the reins to chuck robbins who currently runs global failed go , robinson with the company on for almost as long as almost as long as chambers who's been there since i think is nineteen ninety seven i think he started , chambers will become cisco's executive chairman and remain chairman of the board