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Cisco on the Run

Stock quotes in this article: CSCO , MS , AIG  

Cisco (CSCO Quote) chief John Chambers has his own way of dealing with bad news: He runs away from it.

At least that's what Chambers said Wednesday, when he told analysts how frustrated he has gotten with the gloomy economic forecasts that have increasingly prevailed in recent months.

Chambers made his point during a conference call after Cisco reported solid fiscal first-quarter results. Shares fell sharply, though, because of an alarming decline in tech spending among the bad-debt-laden U.S. banks. ...

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