Despite economic weakness in the U.S., Cisco Systems Chairman and Chief Executive John Chambers said Wednesday he expects his company's global reach will help it to grow at a double-digit rate.
"I think the global strength of the economies will help pull the U.S.," Chambers told CNBC. He said the company is targeting between 12 percent and 17 percent growth "over the foreseeable future."
We see this as a couple-of-quarters phenomenon. Whether it's two or three, no one knows," he told CNBC. "Toward the end of the calendar year, the most likely scenario, according to our customers, is: we'll be in an uptick at that time."
That leads to our Fast Money Reader Poll. Do you think that the economy will be in an uptick by the end of the year?
> Cisco's Chambers Expects US Growth to Pick Up
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