One of the industry blogs I’ve been reading for a long time is Nyquist Capital. I like it because Andrew Schmitt provides excellent analysis that is independent of the herd mentality you find in both the investment and industry press worlds. Both of those tend to be echo-chambers.
His latest brilliant update isThe Bank of Cisco. In it he goes against what everyone is saying about Cisco’s big (and about to grow bigger) pile of money. Most analysts, looking at Cisco’s past decade of behavior believe it is for acquisitions. Schmitt thinks they are looking to make sure Cisco can still sell by becoming the bank. That is providing capital where banks will not, or can not when it comes time for Cisco’s customers to buy equipment. His logic is backed up not by Cisco’s history, but history itself.
I love thinking like that.