Cisco Internal Memo Details Negative Impact Of HP PC Spinoff

In an internal memo, Cisco (NSDQ:CSCO) details a "post-PC HP (NYSE:HPQ)" under attack from all sides. "We expect 'post-PC' HP to come under competitive pressure from low-cost manufacturers (for example, Dell and various Chinese companies)," the memo states. "At the high end, focused technology and architectural leaders like Cisco and EMC will continue to out-invest HP by a wide margin to deliver product innovation."

Below is the full text of the eight page memo titled "HP's PC Business Divestiture - Cisco Internal Perspective" - written by Cisco's Strategic Marketing Team.

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