Cisco Systems has set a goal of adding more related business units at a rate of 20% annually, CEO John Chambers said at an investor conference today and listed portable video, high-end videoconferencing and smart power grids for cities as among the equipment maker's top priorities. Chambers, who also said he intended to remain at Cisco's helm for three to five more years, reiterated the company's long-term forecast of 12% to 17% annual revenue growth.

Related Summaries