Apple Becomes More Valuable; Cisco Continues to Mystify

According to the New York Times, Apple is now the most valuable computer maker in the world, and the fourth most valuable company in high-tech.

Interesting, though the most interesting part is: why the hell is Cisco (#3 on the list) so valuable? I’ve never understood that.

My sense is that Cisco will soon become like Sun, a company that elevated itself by delivering a no-better-than-competent product to a red-hot market that needed it, but also a company that lacks any concept of how to design a product, or get its customers excited about what it does.

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