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Cisco CEO Chambers Plans Changes to Fix Lost Credibility

Cisco Systems Inc. Chief Executive Officer John Chambers, after reporting disappointing earnings four quarters in a row, will makes changes aimed at regaining the company’s lost credibility and sharpening its focus.

“You will see Cisco make a number of targeted moves in the coming weeks,” Chambers said yesterday in a memo to employees at the San Jose, California-based company. He didn’t give details on what form the changes would take.