Forgive me for rolling my eyes at this Cisco announcement of its latest investment in China, this one worth some $16 billion over the next five years. Cisco will set aside $400 million for, among other things, training up to 100,000 local students.
The story quotes spokesman John Noh as saying, “It shows our commitment to the country. It shows the strategic importance of China to our business.”
Commitment to the country? Please. This is a commitment to making money, nothing more, nothing less. It’s just disappointing that the company doesn’t feel it can be more candid.