Cisco memo: We can’t build anything
gigaom.com
gigaom.com
As a former Cisco employee, that sounds about right. Cisco does have an entire business unit dedicated to developing products that enter new markets, but it looked like a horrible place to be.
It was pitched as a "startup environment" (apparently code for "work 60-hour weeks" and "you can get laid off if the project falls through") but came with the same normal paycheck and crushing bureaucracy as any other place in Cisco.
The first one I remember them buying was Crescendo, who made some of the better FDDI gear at the time. Cisco bought them around 1993 because their own gear was worthless. You can see a list of all the companies they've bought here: http://www.cisco.com/web/about/doing_business/corporate_deve...