Cisco CEO: We don’t need to own VMware

At a round-table discussion, Cisco CEO John Chambers declared that "Our ideal acquisition is 100 engineers with a product just about to come to market." He said that in reaction to questions posed by reporters on whether Cisco would try to acquire either storage giant EMC or virtualization leader VMware, of which EMC already owns a majority stake. He further elaborated that the margins "aren't good" when it comes to storage devices, probably lending fuel to opponents who have long decried Cisco hardware for being overpriced. Still, Cisco will continue broadening its relationship with key players in the data center such as EMC, VMware and even IBM.

For more about what James Chamber said:
- check out this Network World article