John Chambers: Take A Leap Of Faith (CSCO)

John Chambers, CEO of Cisco Systems (NASDAQ: CSCO) is on CNBC and he is saying that investors should have confidence in what the company does well. Chambers said that the company needs to adjust appropriately to circumstances.

He is saying that Cisco's track record is pretty good, and the company tends to see things before others.

He is reiterating that Cisco's enterprise and commercial units are very strong, but that the public sector is very weak.

Chambers is saying that he does not see any unusual price competition, and does not anticipate getting into a price war with its competitors.

Chambers continues to reiterate the company is gaining market share in its top 5 markets.