Oh No… You Heard It Here First (Lucent Gastric Reflux)
Oh please tell me this is BS: NEW YORK ( TheStreet ) — When Cisco last took the stage in November, CEO John Chambers predicted an uplift in business . He didn’t mention at the time that the company would offer to lend a hand in the form of zero-percent financing. Taking a page from the automakers’ playbook circa 2002, Cisco introduced three-year, interest-free financing for its small and mid-sized business customers last week. The cheap loans are sure to help juice sales to cash-strapped customers far and wide. Uh, no. That’s not the playbook of automakers circa 2002. It is the playbook of Lucent circa 1997. Need I remind anyone how that story ended? Lucent “sold” a metric boatload of hardware on capital financing at essentially zero interest terms to Winstar Communications - the firm that bought my Internet company - along with many others.
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Oh No… You Heard It Here First (Lucent Gastric Reflux)