Cisco Systems Inc at UBS Global Technology Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Steve Milunovich - UBS Research - Analyst : So we have got a number of questions from the audience was a couple of rounds VMware, what you say in terms of competition from VMware and assets and what's your perspective on the VMware now as a partner and comparative post the Dell in C deal.

Question: Steve Milunovich - UBS Research - Analyst : Okay we related, your comment on open source how do you make money when so much cloud infrastructure is quality structure management software is open source? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. PRELIMINARY NOVEMBER 18, 2015 / 6:45PM, CSCO - Cisco Systems Inc at UBS Global Technology Conference

Question: Steve Milunovich - UBS Research - Analyst : You mentioned, one of your products based on OpenStack I think, I often get the question, how is OpenStack doing it, it seems like the number of production instances is that higher, that you need to have a lot of technical capability in the Internet OpenStack.

Question: Steve Milunovich - UBS Research - Analyst : The slide you showed at the far right side was the edge, and you talked about that, Cisco introduced ideal fog computing clouds close to the ground, which we kind of like, we had a report about that I heard a lot about that from Cisco recently what are your thoughts in terms of where that's going and how Cisco plays.

Question: Steve Milunovich - UBS Research - Analyst : You mentioned M&A can you talk a bit about your Metacloud, membrane, acquisitions what those brought to the table and you also just I think yesterday introduce software developer tools that work is actually?

Question: Steve Milunovich - UBS Research - Analyst : So it sounds like there is a fairly important business model shift here from Cisco to selling boxes and starting over the quarter to annuity services. We have a question, is there a business model transition here as you go from selling hardware plus million recurring and managers?

Question: Steve Milunovich - UBS Research - Analyst : How do you contrast your approach, because if we had IBM or HP or EMC or Dell here they probably would see some of the same things, they are tracking it from a different place maybe than you are from networking, but how would you differentiate with it?

Question: Steve Milunovich - UBS Research - Analyst : Here enough, I think we are out of time. Nick, thank you so, very informative. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. PRELIMINARY NOVEMBER 18, 2015 / 6:45PM, CSCO - Cisco Systems Inc at UBS Global Technology Conference