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Cisco CEO Chambers rules out EMC takeover deal

Reuters
John T. Chambers, Chairman and Chief Executive Officer of Cisco, speaks during a session at the annual meeting of the World Economic Forum (WEF) in Davos January 22, 2014. REUTERS/Ruben Sprich/Files

NEW YORK (Reuters) - Cisco (CSCO.O) Chief Executive John Chambers on Wednesday said the networking company was not among potential suitors for data storage products maker EMC Corp (EMC.N), which has said it is exploring options including a sale.

Chambers, speaking at a Wall Street Journal breakfast, said he usually avoids commenting on potential deals but would make an exception in this case.

"If Joe and I were going to do something here we would have done it a year or two ago," he said, referring to EMC CEO Joe Tucci, who is expected to retire in February.

EMC has held merger talks with rivals Dell Inc and Hewlett-Packard Co, the Wall Street Journal reported on Sunday.

(Reporting By Christian Plumb; Editing by Meredith Mazzilli)