Storage: A Cisco Billion Dollar Play

SANTA CLARA, Calif. -- John Chambers, president and CEO of Cisco Systems Inc. (Nasdaq: CSCO) broke out the revenue potential and timing of six key technology markets that Cisco believes will drive future growth, during his morning keynote at the companys worldwide analyst conference here in rainy Santa Clara.

Storage was in the top six technology areas that Cisco expects to attain $1 billion markets. The rest, in order of current size, are:

Chambers said Cisco’s goal in each of these new technology markets is to get to $1 billion in revenue within five to seven years from when it entered the market, and that Cisco is headed for that goal with each of these technologies.

“At the present time all of them are headed in the right direction, but if we hit half of them that’s a pretty good job."

Check out the full story on Light Reading, our sister site: here— R. Scott Raynovich, US Editor, Light Reading