Cisco aims to get some federal stimulus money
Cisco Systems expects $47 billion of the federal stimulus money will be spent on technology.
Cisco’s fair share? About $1 billion, said Cisco’s senior vice president Bruce Klein during a visit to the company’s Research Triangle Park site Friday. Klein, based in Virginia, is responsible for making sure Cisco gets that share of the money.
Businesses like Cisco can’t receive the federal money directly, but only through projects financed by stimulus funds that are paid to local and state agencies. Toward that end, Klein put together nine teams across the company to pore over government documents and identify business opportunities with local governments, school districts, state agencies, university systems and health care organizations.
Source: News & Observer. Thanks anon for the tip.
Everyone loves free money.
These money will go to pay for new H1B visas
Meanwhile, fuckhead CHambers sends more jobs to India.
Now he has to move his office (including his precious butt) to India as well.
I really hope John Chambers chokes on his stimulus package money. He has lost his way and is about to tank Cisco like he did when he ran Wang Computers. I feel sorry for those that remain, minus the top heavy management team. Listening to Randall Pond’s cost cutting ideas will lead to John’s ultimate demise…