Paul Johnson Grown Quotations

But Cisco has not grown through acquisitions. They've grown despite their acquisitions. The primary growth, as we saw in the quarter, was clearly from routers, which is Cisco's historical product.

But Cisco has not grown through acquisitions, ... They've grown despite their acquisitions. The primary growth, as we saw in the quarter, was clearly from routers, which is Cisco's historical product.

Essentially, what they argued is that Cisco has grown through acquisitions, and people are valuing it at a very high price because of its growth.