{"id":2392,"date":"2023-02-19T21:18:10","date_gmt":"2023-02-19T12:18:10","guid":{"rendered":"https:\/\/1up-life.blog\/?p=2392"},"modified":"2023-02-19T21:19:06","modified_gmt":"2023-02-19T12:19:06","slug":"%e3%82%b7%e3%82%b9%e3%82%b3%e3%82%b7%e3%82%b9%e3%83%86%e3%83%a0%e3%82%ba-csco2023%e5%b9%b4%e7%ac%ac2%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=2392","title":{"rendered":"\u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)2023\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)2023\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u682a\u4fa1\u306f\u9577\u671f\u3067\u30dc\u30c3\u30af\u30b9\u570f\u306b\u3044\u3066\u4f38\u3073\u306a\u304b\u3063\u305f\u3067\u3059\u304c\u4eca\u56de\u306e\u597d\u6c7a\u7b97\u3092\u6a5f\u306b\u518d\u6210\u9577\u3057\u3066\u304f\u308c\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u305f\u3044\u3067\u3059\u3002<\/p>\n<div id=\"attachment_2393\" style=\"width: 1451px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2393\" class=\"wp-image-2393 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/02\/CSCO_2023-02-19_21-11-11.png\" alt=\"\u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)\u682a\u4fa1\" width=\"1441\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/02\/CSCO_2023-02-19_21-11-11.png 1441w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/02\/CSCO_2023-02-19_21-11-11-300x170.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/02\/CSCO_2023-02-19_21-11-11-1024x580.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/02\/CSCO_2023-02-19_21-11-11-768x435.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/02\/CSCO_2023-02-19_21-11-11-940x532.png 940w\" sizes=\"auto, (max-width: 1441px) 100vw, 1441px\" \/><p id=\"caption-attachment-2393\" class=\"wp-caption-text\">\u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)\u682a\u4fa1<\/p><\/div>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)2023\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nMarilyn Mora &#8212; Head of Investor Relations<br \/>\nChuck Robbins &#8212; Chairman and Chief Executive Officer<br \/>\nScott Herren &#8212; Chief Financial Officer<br \/>\nIttai Kidron &#8212; Oppenheimer and Company &#8212; Analyst<br \/>\nAmit Daryanani &#8212; Evercore ISI &#8212; Analyst<br \/>\nPaul Silverstein &#8212; Cowen and Company &#8212; Analyst<br \/>\nMeta Marshall &#8212; Morgan Stanley &#8212; Analyst<br \/>\nSimon Leopold &#8212; Raymond James &#8212; Analyst<br \/>\nSami Badri &#8212; Credit Suisse &#8212; Analyst<br \/>\nGeorge Notter &#8212; Jefferies &#8212; Analyst<br \/>\nDavid Vogt &#8212; UBS &#8212; Analyst<br \/>\nTal Liani &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nTim Long &#8212; Barclays &#8212; Analyst<br \/>\nSamik Chatterjee &#8212; JPMorgan Chase and Company &#8212; Analyst<br \/>\nMore CSCO analysis<\/p>\n<p>2023\u5e742\u670815\u65e5\u5348\u5f8c4\u664230\u5206\uff08\u7c73\u56fd\u6771\u90e8\u6642\u9593\uff09<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u30b7\u30b9\u30b3\u306e 2023 \u5e74\u5ea6\u7b2c 2 \u56db\u534a\u671f\u6c7a\u7b97\u306e\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30fb\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002\u30b7\u30b9\u30b3\u306e\u8981\u8acb\u306b\u3088\u308a\u3001\u672c\u65e5\u306e\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u306f\u9332\u97f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3054\u7570\u8b70\u3054\u3056\u3044\u307e\u3057\u305f\u3089\u3001\u3054\u9060\u616e\u306a\u304f\u304a\u5207\u308a\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u3067\u306f\u3001IR\u62c5\u5f53\u306e\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>\u5965\u69d8\u3001\u3069\u3046\u305e\u59cb\u3081\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u90e8\u9577<\/p>\n<p>\u7686\u3055\u3093\u3001\u30b7\u30b9\u30b3\u306e 2023 \u5e74\u5ea6\u7b2c 2 \u56db\u534a\u671f\u6c7a\u7b97\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30fb\u30b3\u30fc\u30eb\u306b\u3088\u3046\u3053\u305d\u3002\u3053\u3061\u3089\u306f IR \u62c5\u5f53\u306e\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9\u3001\u305d\u3057\u3066\u4f1a\u9577\u517c CEO \u306e\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9\u3001CFO \u306e\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3\u304c\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u3082\u3046\u3059\u3067\u306b\u3001\u6c7a\u7b97\u767a\u8868\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3092\u3054\u89a7\u3044\u305f\u3060\u3044\u3066\u3044\u308b\u3053\u3068\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u6c7a\u7b97\u88dc\u8db3\u8aac\u660e\u8cc7\u6599\u3092\u542b\u3080\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u3092\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u300c\u6295\u8cc7\u5bb6\u60c5\u5831\u300d\u306b\u3066\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u3001GAAP\u30d9\u30fc\u30b9\u3068\u975eGAAP\u30d9\u30fc\u30b9\u306e\u8abf\u6574\u8868\u3001\u8cb8\u501f\u5bfe\u7167\u8868\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3001\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u8ca1\u52d9\u60c5\u5831\u306f\u3001\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306e\u300c\u8ca1\u52d9\u60c5\u5831\u300d\u30bb\u30af\u30b7\u30e7\u30f3\u3067\u3054\u89a7\u3044\u305f\u3060\u304f\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u3001GAAP\u65b9\u5f0f\u3068\u975eGAAP\u65b9\u5f0f\u306e\u4e21\u65b9\u306e\u8ca1\u52d9\u7d50\u679c\u3092\u53c2\u7167\u3057\u3001\u7279\u306b\u65ad\u308a\u306e\u306a\u3044\u9650\u308a\u3001\u88fd\u54c1\u696d\u7e3e\u306b\u3064\u3044\u3066\u306f\u58f2\u4e0a\u9ad8\u3067\u3001\u5730\u57df\u5225\u304a\u3088\u3073\u9867\u5ba2\u5225\u696d\u7e3e\u306b\u3064\u3044\u3066\u306f\u88fd\u54c1\u53d7\u6ce8\u9ad8\u3067\u8aac\u660e\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u672c\u901a\u8a71\u3092\u901a\u3058\u3066\u884c\u308f\u308c\u308b\u3059\u3079\u3066\u306e\u6bd4\u8f03\u306f\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067\u884c\u308f\u308c\u307e\u3059\u3002\u672c\u65e5\u8aac\u660e\u3059\u308b\u4e8b\u9805\u306b\u306f\u30012023\u5e74\u5ea6\u7b2c3\u56db\u534a\u671f\u304a\u3088\u3073\u901a\u671f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u542b\u3080\u3001\u5c06\u6765\u306e\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u30ea\u30b9\u30af\u3084\u4e0d\u78ba\u5b9f\u6027\u306f\u3001\u5f53\u793e\u304c\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\u306b\u63d0\u51fa\u3057\u305f\u66f8\u985e\u3001\u7279\u306b\u6700\u8fd1\u306e\u30d5\u30a9\u30fc\u30e0 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Kidron &#8212; Oppenheimer and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u524d\u306e\u904e\u53bb\u306e\u696d\u7e3e\u63a8\u79fb\u3092\u898b\u308b\u3068\u30014\uff5e6\uff05\u306e\u30d7\u30e9\u30b9\u30fb\u30de\u30a4\u30ca\u30b9\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u601d\u3044\u307e\u3059\u3002\u4eca\u5f8c\u3001\u3053\u306e\u7bc4\u56f2\u3092\u8d85\u3048\u308b\u3068\u3001\u53d7\u6ce8\u6b8b\u304c\u6e1b\u5c11\u3059\u308b\u3068\u8003\u3048\u3066\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u30d0\u30c3\u30af\u30ed\u30b0\u304c2\u500d\u306b\u306a\u3063\u305f\u3068\u3057\u3066\u3082\u3001\u4f55\u304b\u7279\u5225\u306a\u3053\u3068\u304c\u8d77\u3053\u3089\u306a\u3044\u9650\u308a\u3001\u5c11\u306a\u304f\u3068\u30822\uff5e3\u5e74\u306f\u901a\u5e38\u306e\u7bc4\u56f2\u3092\u8d85\u3048\u3066\u63a8\u79fb\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3088\u3046\u306b\u601d\u3048\u307e\u3059\u304c\u3002\u79c1\u306f\u3042\u306a\u305f\u306e\u30b3\u30e1\u30f3\u30c8\u3092\u8aa4\u3063\u3066\u89e3\u91c8\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u3001\u51fa\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3048\u3044\u3048\u3001\u305d\u3093\u306a\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3088\u3002\u305f\u3060\u3001\u79c1\u304c\u7533\u3057\u4e0a\u3052\u305f\u3044\u306e\u306f\u300124\u5e74\u5ea6\u3092\u898b\u901a\u3059\u306b\u306f\u660e\u3089\u304b\u306b\u6642\u671f\u5c1a\u65e9\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u30d0\u30c3\u30af\u30ed\u30b0\u3068170\u5104\u30c9\u30eb\u306eRPO\u306e\u4e21\u65b9\u304b\u3089\u3001\u904e\u53bb\u306b\u306a\u3044\u307b\u3069\u898b\u901a\u3057\u304c\u3088\u304f\u3001\u4eca\u5f8c12\u30ab\u6708\u9593\u306bARR\u3067\u53ce\u76ca\u5316\u3055\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002\u307e\u305f\u3001\u5e74\u672b\u306b\u306f\u901a\u5e38\u306e\u7d042\u500d\u306e\u30d0\u30c3\u30af\u30ed\u30b0\u3092\u8a08\u4e0a\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u300124\u5e74\u5ea6\u306e\u65b9\u5411\u6027\u306b\u306f\u5341\u5206\u306a\u81ea\u4fe1\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3001\u7b2c2\u56db\u534a\u671f\u304c\u7d42\u308f\u3063\u305f\u3070\u304b\u308a\u3067\u3001\u307e\u3060\u6642\u671f\u5c1a\u65e9\u3060\u3068\u601d\u3044\u307e\u3059\u306e\u3067\u3001\u3082\u3046\u5c11\u3057\u6b63\u78ba\u306a\u60c5\u5831\u3092\u304a\u4f1d\u3048\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Ittai Kidron &#8212; Oppenheimer and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u5e78\u904b\u3092\u7948\u308a\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30a4\u30c3\u30bf\u30a4\u3002\u6b21\u306e\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u30a8\u30d0\u30b3\u30a2\u306e\u30a2\u30df\u30c3\u30c8\u30fb\u30c0\u30ea\u30e4\u30ca\u30cb\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30df\u30c3\u30c8\u30fb\u30c0\u30ea\u30e3\u30fc\u30ca\u30cb &#8212; \u30a8\u30d0\u30fc\u30b3\u30a2ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306b\u3068\u3063\u3066\u3082\u672c\u5f53\u306b\u826f\u3044\u56db\u534a\u671f\u3067\u3001\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30bb\u30ad\u30e5\u30a2\u30fb\u30a2\u30b8\u30e3\u30a4\u30eb\u30fb\u30cd\u30c3\u30c8\u30ef\u30fc\u30ad\u30f3\u30b0\u90e8\u9580\u304c14%\u3082\u6210\u9577\u3057\u305f\u3053\u3068\u306f\u3001\u975e\u5e38\u306b\u6ce8\u76ee\u306b\u5024\u3057\u307e\u3059\u3002\u696d\u754c\u3067\u306f\u3053\u306e\u30da\u30fc\u30b9\u306b\u8fd1\u3044\u6210\u9577\u3092\u9042\u3052\u3066\u3044\u308b\u3068\u306f\u601d\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>\u7279\u306b\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304c\u6539\u5584\u3055\u308c\u59cb\u3081\u305f\u3053\u3068\u3067\u3001\u30b7\u30b9\u30b3\u306e\u30b7\u30a7\u30a2\u304c\u56de\u5fa9\u3057\u3066\u304d\u305f\u3068\u304a\u8003\u3048\u3067\u3059\u304b? \u3053\u308c\u306f\u8ffd\u3044\u98a8\u3067\u3001\u304a\u305d\u3089\u304f\u4eca\u5e74\u3044\u3063\u3071\u3044\u7d9a\u304f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u306e\u3042\u305f\u308a\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u30ad\u30e3\u30f3\u30d1\u30b9\u306e\u696d\u7e3e\u306b\u3064\u3044\u3066\u3082\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30a2\u30df\u30c3\u30c8\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5e02\u5834\u30b7\u30a7\u30a2\u306f\u53ce\u76ca\u3092\u53cd\u6620\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u5f53\u793e\u306e\u30d0\u30c3\u30af\u30ed\u30b0\u304c\u3042\u308c\u3070\u3001\u7279\u5b9a\u306e\u88fd\u54c1\u3092\u51fa\u8377\u3057\u59cb\u3081\u308b\u3068\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u3001\u4f55\u5ea6\u304b\u96fb\u8a71\u4f1a\u8b70\u3067\u7533\u3057\u4e0a\u3052\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u524d\u56db\u534a\u671f\u306e\u30ef\u30a4\u30e4\u30ec\u30b9\u4e8b\u696d\u306e\u58f2\u4e0a\u306f\u524d\u5e74\u540c\u671f\u6bd457\uff05\u5897\u3067\u3057\u305f\u3002\u3053\u308c\u306f\u30b7\u30a7\u30a2\u30a2\u30c3\u30d7\u306b\u3064\u306a\u304c\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3046\u3072\u3068\u3064\u899a\u3048\u3066\u304a\u3044\u3066\u3044\u305f\u3060\u304d\u305f\u3044\u306e\u306f\u3001\u5e02\u5834\u30b7\u30a7\u30a2\u3068\u3044\u3046\u306e\u306f\u6b63\u78ba\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u5f53\u793e\u304c\u30a6\u30a7\u30d6\u30b9\u30b1\u30fc\u30eb\u30a4\u30f3\u30d5\u30e9\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u306e\u5206\u91ce\u306b\u88fd\u54c1\u3092\u51fa\u8377\u3057\u305f\u5834\u5408\u3001\u5f53\u793e\u306e\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u30ec\u30dd\u30fc\u30c8\u306b\u63b2\u8f09\u3055\u308c\u307e\u3059\u304c\u3001\u7af6\u5408\u4ed6\u793e\u306e\u591a\u304f\u306f\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306e\u30b9\u30a4\u30c3\u30c1\u30f3\u30b0\u306b\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30d0\u30c3\u30af\u30ed\u30b0\u3092\u51fa\u8377\u3057\u7d9a\u3051\u308b\u3053\u3068\u3067\u3001\u30b7\u30a7\u30a2\u3092\u62e1\u5927\u3057\u3066\u3044\u3051\u308b\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002\u30ad\u30e3\u30f3\u30d1\u30b9\u30b9\u30a4\u30c3\u30c1\u30f3\u30b0\u306b\u3064\u3044\u3066\u5c11\u3057\u304a\u8a71\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n<p>Scott Herren &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3059\u307f\u307e\u305b\u3093\u3001\u305d\u306e\u90e8\u5206\u3092\u805e\u304d\u9003\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Chuck Robbins &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u30a2\u30df\u30c3\u30c8\u3055\u3093\u3001\u30ad\u30e3\u30f3\u30d1\u30b9\u30fb\u30b9\u30a4\u30c3\u30c1\u30f3\u30b0\u306b\u3064\u3044\u3066\u306e\u8cea\u554f\u3001\u3082\u3046\u4e00\u5ea6\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Amit Daryanani &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3046\u3067\u306f\u306a\u304f\u3001\u3053\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u306714\uff05\u306e\u6210\u9577\u3092\u9054\u6210\u3057\u305f\u4e2d\u3067\u3001\u30ad\u30e3\u30f3\u30d1\u30b9\u306f\u5177\u4f53\u7684\u306b\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u3068\u3044\u3046\u3053\u3068\u3092\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306f\u3069\u306e\u3088\u3046\u306b\u8efd\u6e1b\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30ad\u30e3\u30f3\u30d1\u30b9\u306f\u9806\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306f&#8230;&#8230;\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304c\u826f\u304f\u306a\u3063\u305f\u3068\u3044\u3046\u5370\u8c61\u3092\u6b8b\u3057\u305f\u304f\u306f\u306a\u3044\u306e\u3067\u3059\u304c&#8230;&#8230;\u3002\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u30fb\u30c1\u30fc\u30e0\u3068\u88fd\u54c1\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u30fb\u30c1\u30fc\u30e0\u306f\u3001\u3053\u3053\u6570\u56db\u534a\u671f\u3001\u88fd\u54c1\u306e\u518d\u8a2d\u8a08\u3084\u4ee3\u66ff\u90e8\u54c1\u306e\u9078\u5b9a\u3001\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3068\u306e\u5354\u529b\u306b\u3088\u308b\u30b5\u30d6\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c8\u306e\u78ba\u4fdd\u306a\u3069\u3001\u304b\u306a\u308a\u57f7\u62d7\u306a\u4f5c\u696d\u3092\u884c\u3063\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u7387\u76f4\u306b\u8a00\u3063\u3066\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u89b3\u70b9\u304b\u3089\u306f\u3001\u4eca\u3001\u696d\u754c\u306e\u591a\u304f\u306e\u540c\u696d\u4ed6\u793e\u3088\u308a\u3082\u6709\u5229\u306a\u7acb\u5834\u306b\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u9577\u3044\u76ee\u3067\u898b\u308c\u3070&#8230;&#8230;\u7c21\u6f54\u306b\u8a00\u3048\u3070\u3001\u305d\u306e\u5206\u91ce\u3067\u306f\u304b\u306a\u308a\u3046\u307e\u304f\u3044\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u5e74\u4e0b\u534a\u671f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3068\u3057\u3066\u63d0\u793a\u3057\u305f\u3082\u306e\u3092\u63d0\u4f9b\u3057\u7d9a\u3051\u308b\u3053\u3068\u3067\u3001\u5f53\u793e\u306e\u30b7\u30a7\u30a2\u62e1\u5927\u304c\u7d9a\u304f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Amit Daryanani &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u672c\u5f53\u306b\u52a9\u304b\u308a\u307e\u3059\u3002\u4e0b\u671f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u3064\u3044\u3066\u7c21\u5358\u306b\u304a\u4f3a\u3044\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u975e\u5e38\u306b\u7d20\u6674\u3089\u3057\u3044\u5185\u5bb9\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u30014\u6708\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u306f\u524d\u5e74\u540c\u671f\u6bd4\u3067130\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6e1b\u5c11\u3059\u308b\u3068\u306e\u3053\u3068\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u3069\u3046\u3044\u3046\u610f\u5473\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3084\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u306a\u3069\u5468\u671f\u7684\u306a\u3082\u306e\u3068\u69cb\u9020\u7684\u306a\u3082\u306e\u3068\u3067\u3001\u3069\u306e\u7a0b\u5ea6\u306e\u6e1b\u5c11\u304c\u3042\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304c\u672c\u5f53\u306b\u6b63\u5e38\u5316\u3057\u305f\u5834\u5408\u3001\u6b63\u898f\u5316\u3055\u308c\u305f\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f\u3069\u306e\u3088\u3046\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u30024\u6708\u671f\u306e\u4e2d\u9593\u5831\u544a\u3067\u306f\u3001\u767a\u8868\u3057\u305f\u3070\u304b\u308a\u306e\u56db\u534a\u671f\u304b\u3089\u7d0410\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u6539\u5584\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u7c97\u5229\u76ca\u306f\u6539\u5584\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u4e3b\u306b\u30b3\u30b9\u30c8\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u7279\u306b\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u306b\u95a2\u308f\u308b\u30b3\u30b9\u30c8\u306f\u524a\u6e1b\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u90e8\u54c1\u30b3\u30b9\u30c8\u306f\u307b\u3068\u3093\u3069\u306e\u5834\u5408\u3001\u73fe\u72b6\u7dad\u6301\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u3088\u308a\u3082\u3001\u51fa\u8377\u6b8b\u304c\u5897\u3048\u308b\u306b\u3064\u308c\u3066\u3001\u6628\u5e74\u5b9f\u65bd\u3057\u305f\u5024\u4e0a\u3052\u304c\u53cd\u6620\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u4e8b\u5b9f\u306e\u65b9\u304c\u5927\u304d\u3044\u3067\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f\u3001\u73fe\u72b6\u304b\u308950\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u307b\u3069\u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Amit Daryanani &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u5b8c\u74a7\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u90e8\u9577<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30a2\u30df\u30c3\u30c8\u3002\u6b21\u306e\u8cea\u554f\u3092\u3069\u3046\u305e\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b3\u30fc\u30a6\u30a7\u30f3\u306e\u30dd\u30fc\u30eb\u30fb\u30b7\u30eb\u30d0\u30fc\u30b9\u30bf\u30a4\u30f3\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30dd\u30fc\u30eb\u30fb\u30b7\u30eb\u30d0\u30fc\u30b9\u30bf\u30a4\u30f3 &#8212; \u30b3\u30fc\u30a6\u30a7\u30f3\u30a2\u30f3\u30c9\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30c1\u30e3\u30c3\u30af\u3068\u30b9\u30b3\u30c3\u30c8\u3001\u7686\u3055\u3093\u304c\u6e96\u5099\u3057\u305f\u767a\u8a00\u306e\u4e2d\u3067\u3001\u9700\u8981\u52d5\u5411\u306e\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u554f\u984c\u3092\u53d6\u308a\u4e0a\u3052\u3066\u304f\u308c\u305f\u3053\u3068\u306b\u611f\u8b1d\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u7279\u306b\u653f\u5e9c\u6a5f\u95a2\u3084\u7c73\u56fd\u9023\u90a6\u653f\u5e9c\u3092\u542b\u3080\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u30fb\u30d3\u30b8\u30cd\u30b9\u306b\u3064\u3044\u3066\u3001\u7af6\u5408\u4ed6\u793e\u304c\u3069\u306e\u3088\u3046\u306a\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u3066\u3044\u308b\u304b\u3001\u3042\u306a\u305f\u3068\u3042\u306a\u305f\u306e\u30c1\u30fc\u30e0\u306f\u3054\u5b58\u77e5\u3060\u3068\u601d\u3044\u307e\u3059\u306e\u3067\u3001\u3082\u3046\u4e00\u5ea6\u691c\u8a0e\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u3055\u3093\u306f\u5148\u307b\u3069\u5e02\u5834\u30b7\u30a7\u30a2\u306e\u554f\u984c\u3092\u53d6\u308a\u4e0a\u3052\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u9700\u8981\u306e\u5805\u8abf\u3055\u3068\u3001\u305d\u308c\u304c\u3069\u306e\u3088\u3046\u306a\u5f62\u3067\u53cd\u6620\u3055\u308c\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u70b9\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; 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&#8212; \u79c1\u306e\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u30c1\u30fc\u30e0\u306e\u591a\u304f\u306f\u3001Cisco Live Europe\u306e\u305f\u3081\u306b\u30a2\u30e0\u30b9\u30c6\u30eb\u30c0\u30e0\u306b\u3044\u307e\u3057\u305f\u304c\u3001\u4eca\u3001\u8ab0\u3082\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u652f\u51fa\u306e\u524a\u6e1b\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u7686\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306b\u3068\u3066\u3082\u71b1\u5fc3\u3067\u3059\u3002\u79c1\u305f\u3061\u306e\u3059\u3079\u3066\u306e\u7d44\u7e54\u6226\u7565\u306b\u95a2\u9023\u3059\u308b\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u5e95\u529b\u306f\u3001\u4eca\u3001\u3042\u307e\u308a\u306b\u3082\u5f37\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Paul Silverstein &#8212; Cowen and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u304b\u3089\u3001\u30b9\u30b3\u30c3\u30c8\u3001\u30de\u30fc\u30b8\u30f3\u306e\u8cea\u554f\u306b\u623b\u308a\u307e\u3059\u3002\u8d70\u308b\u524d\u306b\u6b69\u304f\u3068\u3044\u3046\u306e\u306f\u3042\u308a\u304c\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u6700\u521d\u306e\u56de\u5fa9\u3068\u3044\u3046\u70b9\u3067\u306f\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u3068\u55b6\u696d\u5229\u76ca\u3068\u3082\u306b\u30d4\u30fc\u30af\u6642\u304b\u3089\u304a\u3088\u305d3\uff05\u30dd\u30a4\u30f3\u30c8\u4e0b\u304c\u3063\u3066\u3044\u307e\u3059\u306d\u3002\u3053\u306e3\uff05\u30dd\u30a4\u30f3\u30c8\u3068\u3044\u3046\u306e\u306f\u3001\u3069\u306e\u7a0b\u5ea6\u306e\u3082\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u30b0\u30ed\u30b9\u306767\u307e\u3067\u76ee\u8996\u3067\u623b\u305b\u308b\u306e\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u30bb\u30df\u306a\u3069\u306e\u4fa1\u683c\u4e0a\u6607\u306e\u305f\u3081\u3001\u305d\u308c\u306f\u5358\u306b\u9060\u3059\u304e\u308b\u6a4b\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u9577\u671f\u7684\u306a\u8a71\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u8ffd\u3044\u98a8\u304c\u5439\u3044\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u5fc5\u305a\u3057\u308223\u5e74\u5ea6\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a71\u3059\u5fc5\u8981\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u3053\u3068\u304c\u8ffd\u3044\u98a8\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u30021\u3064\u306f\u3001\u53d7\u6ce8\u6b8b\u306e\u6d88\u5316\u3068\u4fa1\u683c\u4e0a\u6607\u306e\u53cd\u6620\u3067\u3059\u3002\u307e\u305f\u3001\u30ad\u30ed\u5f53\u305f\u308a\u306e\u904b\u8cc3\u304c\u4e0b\u304c\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u822a\u7a7a\u4fbf\u3068\u6d77\u4e0a\u4fbf\u3092\u3069\u306e\u3088\u3046\u306b\u4f7f\u3044\u5206\u3051\u308b\u304b\u306b\u3088\u3063\u3066\u3001\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u30b3\u30b9\u30c8\u304c\u524a\u6e1b\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u3053\u306e\u5206\u91ce\u3067\u3082\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30e1\u30e2\u30ea\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5206\u91ce\u4ee5\u5916\u306e\u90e8\u54c1\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u304c\u3001\u5f53\u793e\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u305f\u3081\u306b\u4e26\u3076\u3068\u306f\u601d\u3048\u307e\u305b\u3093\u306d\u3002\u3067\u3059\u304b\u3089\u3001\u5f53\u793e\u306b\u3068\u3063\u3066\u6709\u5229\u306a\u30df\u30c3\u30af\u30b9\u3068\u3001\u975e\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c8\u5206\u91ce\u3067\u306e\u30b3\u30b9\u30c8\u9762\u3067\u306e\u30c6\u30b3\u5165\u308c\u306e\u7d44\u307f\u5408\u308f\u305b\u304c\u3001\u3053\u306e\u53ce\u76ca\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30dd\u30fc\u30eb\u30fb\u30b7\u30eb\u30d0\u30fc\u30b9\u30bf\u30a4\u30f3 &#8212; \u30b3\u30fc\u30a6\u30a7\u30f3\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>67\u300135\u306b\u623b\u305b\u308b\u3068\u601d\u3044\u307e\u3059\u304b\uff1f<\/p>\n<p>Scott Herren &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u306f\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e5\u5e74\u5f8c\u3092\u4e88\u60f3\u3057\u308d\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304b\u3001\u30dd\u30fc\u30eb\uff1f\u305d\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Paul Silverstein &#8212; Cowen and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u9577\u671f\u7684\u306b\u3002\u9577\u671f\u7684\u306b\u3001\u305d\u306e\u30e2\u30c7\u30eb\u306b\u623b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u9577\u671f\u7684\u306b\u306f\u3001\u9593\u9055\u3044\u306a\u304f\u6b74\u53f2\u7684\u306a\u6c34\u6e96\u307e\u3067\u3001\u3042\u308b\u3044\u306f\u305d\u308c\u4ee5\u4e0a\u307e\u3067\u62bc\u3057\u4e0a\u3052\u308b\u3060\u3051\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>Paul Silverstein &#8212; \u30b3\u30fc\u30a6\u30a7\u30f3\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30dd\u30fc\u30eb\u3002\u6b21\u306e\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30e1\u30bf\u30fb\u30de\u30fc\u30b7\u30e3\u30eb\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Meta Marshall &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044 \u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u9867\u5ba2\u3068\u306e\u5bfe\u8a71\u306e\u4e2d\u3067\u3001\u9867\u5ba2\u306f\u3088\u308a\u67d4\u8edf\u306a\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u65b9\u6cd5\u3092\u6c42\u3081\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u306e\u79fb\u884c\u306f\u3001ELA\u30e2\u30c7\u30eb\u3084\u3053\u308c\u307e\u3067\u306e\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u30e2\u30c7\u30eb\u3092\u9032\u5316\u3055\u305b\u305f\u3082\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u73fe\u5728\u306eM&amp;A\u74b0\u5883\u3092\u3069\u306e\u3088\u3046\u306b\u898b\u3066\u3044\u308b\u304b\u306b\u3064\u3044\u3066\u3082\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u30e1\u30bf\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u5f93\u6765\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u30fb\u30e2\u30c7\u30eb\u306b\u79fb\u884c\u3059\u308b\u521d\u671f\u6bb5\u968e\u3068\u8a00\u3048\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u30c1\u30fc\u30e0\u306f\u4eca\u3001\u305d\u306e\u305f\u3081\u306b\u61f8\u547d\u306b\u50cd\u3044\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u3082\u6700\u65b0\u60c5\u5831\u3092\u304a\u4f1d\u3048\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e\u4e8b\u696d\u306e\u898f\u6a21\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u306b\u306f\u3001\u307e\u3060\u6570\u56db\u534a\u671f\u304b\u304b\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u91cd\u8981\u306a\u306e\u306f\u3001\u304a\u5ba2\u69d8\u306b\u67d4\u8edf\u6027\u3092\u4e0e\u3048\u308b\u3053\u3068\u3067\u3059\u3002\u3053\u306e7\u5e74\u9593\u307b\u3069\u3067\u3001\u79c1\u305f\u3061\u306f\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u3068\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3001\u305d\u3057\u3066\u30b7\u30ea\u30b3\u30f3\u3092\u5206\u96e2\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3092\u4eee\u60f3\u5316\u3057\u3001x86\u4e0a\u3067\u52d5\u4f5c\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u304a\u5ba2\u3055\u307e\u304c\u671b\u3080\u3088\u3046\u306a\u67d4\u8edf\u6027\u3092\u63d0\u4f9b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u304c\u6700\u521d\u306e\u90e8\u5206\u3067\u3059\u3002M&amp;A\u306e\u9762\u3067\u306f\u3001\u3054\u671f\u5f85\u3069\u304a\u308a\u3001\u79c1\u305f\u3061\u306e\u6226\u7565\u306f\u5909\u308f\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u5e02\u5834\u306e\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u306f\u5909\u5316\u3057\u3066\u304a\u308a\u3001\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u30d4\u30fc\u30af\u6642\u304b\u3089\u3084\u3084\u843d\u3061\u7740\u3044\u3066\u304d\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u90e8\u306e\u4f01\u696d\u306f\u3001\u3053\u3046\u3057\u305f\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u3044\u3064\u307e\u3067\u7d9a\u304f\u306e\u304b\u3001\u305d\u3082\u305d\u3082\u4ee5\u524d\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u73fe\u5b9f\u7684\u306a\u3082\u306e\u3060\u3063\u305f\u306e\u304b\u306b\u3064\u3044\u3066\u3001\u3088\u308a\u73fe\u5b9f\u7684\u306a\u898b\u89e3\u3092\u6301\u3064\u3088\u3046\u306b\u306a\u3063\u3066\u304d\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u304b\u3092\u5e38\u306b\u610f\u8b58\u3057\u3066\u3044\u307e\u3059\u3002\u5e02\u5834\u3092\u898b\u7d9a\u3051\u306a\u304c\u3089\u3001\u79c1\u305f\u3061\u306e\u6226\u7565\u306f\u5909\u308f\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Meta Marshall &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u90e8\u9577<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30c1\u30e3\u30c3\u30af\u3002\u6b21\u306e\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30ec\u30a4\u30e2\u30f3\u30c9\u30fb\u30b8\u30a7\u30fc\u30e0\u30ba\u306e\u30b5\u30a4\u30e2\u30f3\u30fb\u30ec\u30aa\u30dd\u30eb\u30c9\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u304a\u805e\u304d\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b5\u30a4\u30e2\u30f3\u30fb\u30ec\u30aa\u30dd\u30eb\u30c9 &#8212; \u30ec\u30a4\u30e2\u30f3\u30c9\u30fb\u30b8\u30a7\u30fc\u30e0\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306e\u52d5\u5411\u306b\u3064\u3044\u3066\u5c11\u3057\u304a\u8a71\u3092\u4f3a\u3048\u305f\u3089\u3068\u601d\u3044\u307e\u3059\u3002\u6e96\u5099\u66f8\u9762\u3067\u306f\u3001\u30ad\u30e3\u30f3\u30d1\u30b9\u306f\u597d\u8abf\u3060\u304c\u3001\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306f\u4f4e\u8abf\u3060\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30b9\u30a4\u30c3\u30c1\u30f3\u30b0\u306e\u90e8\u5206\u3060\u3051\u3067\u306a\u304f\u3001UCS\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u3064\u3044\u3066\u3082\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>\u307e\u305f\u3001\u5e83\u7bc4\u306a\u30c8\u30ec\u30f3\u30c9\u306f\u3069\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u30cf\u30a4\u30d1\u30fc\u30b9\u30b1\u30fc\u30eb\u306e\u6e1b\u901f\u3068\u5e02\u5834\u5168\u4f53\u306e\u6e1b\u901f\u306f\u3069\u306e\u7a0b\u5ea6\u53cd\u6620\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3053\u306e\u70b9\u3092\u5c11\u3057\u6398\u308a\u4e0b\u3052\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Chuck Robbins &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u3001\u3042\u306a\u305f\u304c\u8a73\u7d30\u3092\u8aac\u660e\u3057\u305f\u3044\u304b\u3069\u3046\u304b\u308f\u304b\u308a\u307e\u305b\u3093\u304c\u3001\u79c1\u304b\u3089\u306f2\u3064\u307b\u3069\u30b3\u30e1\u30f3\u30c8\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u306e\u304a\u5ba2\u69d8\u306f\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30e9\u30a6\u30c9\u3068\u30d1\u30d6\u30ea\u30c3\u30af\u30af\u30e9\u30a6\u30c9\u3092\u3069\u306e\u3088\u3046\u306b\u4f7f\u3044\u5206\u3051\u308b\u304b\u3001\u307e\u3059\u307e\u3059\u30d0\u30e9\u30f3\u30b9\u304c\u53d6\u308c\u3066\u304d\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306e\u30a4\u30f3\u30d5\u30e9\u3092\u6d3b\u6027\u5316\u3055\u305b\u308b\u3053\u3068\u306b\u5f15\u304d\u7d9a\u304d\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u30a4\u30f3\u30d5\u30e9\u3084UCS\u306b\u3064\u3044\u3066\u306f\u3001Scott\u304c\u8a71\u3057\u3066\u304f\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3082\u3057\u3088\u3051\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u305f\u3060\u3001\u3082\u30461\u3064\u6307\u6458\u3057\u3066\u304a\u304d\u305f\u3044\u306e\u306f\u3001Simon\u3001\u5148\u307b\u3069\u30de\u30fc\u30b1\u30c3\u30c8\u30b7\u30a7\u30a2\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3057\u307e\u3057\u305f\u304c\u3001Web\u30b9\u30b1\u30fc\u30eb\u306e\u30a4\u30f3\u30d5\u30e9\u3067\u8ca9\u58f2\u3057\u305f\u3082\u306e\u306f\u3059\u3079\u3066\u3001\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30b7\u30a7\u30a2\u306e\u6570\u5b57\u3068\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u30d3\u30b8\u30cd\u30b9\u306b\u6d41\u308c\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u304c\u5831\u544a\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u65b9\u6cd5\u3067\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u30fb\u30b9\u30a4\u30c3\u30c1\u30f3\u30b0\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5f93\u3063\u3066\u3001\u3053\u308c\u306f\u30ea\u30f3\u30b4\u3068\u30aa\u30ec\u30f3\u30b8\u306e\u3088\u3046\u306a\u554f\u984c\u306a\u306e\u3067\u3059\u3002\u3053\u306e\u70b9\u3092\u3054\u7406\u89e3\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Scott Herren &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3044\u3048\u3001\u305d\u308c\u306f\u672c\u5f53\u306b\u826f\u3044\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002UCS\u306b\u3064\u3044\u3066\u3082\u3001\u3082\u3057\u305d\u308c\u304c\u3054\u8cea\u554f\u306e\u6839\u672c\u3067\u3042\u308c\u3070\u3001\u30b5\u30a4\u30e2\u30f3\u3001\u79c1\u305f\u3061\u306fUCS\u3067\u7d20\u6674\u3089\u3057\u3044\u6210\u9577\u3092\u898b\u3066\u3044\u307e\u3059\u3002\u5c11\u306a\u304f\u3068\u3082\u79c1\u305f\u3061\u306e\u8a08\u7b97\u3067\u306f\u3001UCS\u3067\u3082\u30b7\u30a7\u30a2\u3092\u4f38\u3070\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u611f\u3058\u307e\u3059\u3002<\/p>\n<p>Simon Leopold &#8212; Raymond James &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u7c21\u5358\u306a\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u306b\u4ed8\u5c5e\u3059\u308b\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u53d7\u6ce8\u6b8b\u306e\u6307\u6a19\u304c\u3001\u524d\u56db\u534a\u671f\u3068\u540c\u305820\u5104\u30c9\u30eb\u3068\u3044\u3046\u306e\u306f\u5c11\u3057\u9a5a\u304d\u307e\u3057\u305f\u3002\u30cf\u30fc\u30c9\u30a6\u30a8\u30a2\u306b\u4ed8\u968f\u3059\u308b\u30bd\u30d5\u30c8\u30a6\u30a8\u30a2\u306e\u51fa\u8377\u304c\u57fa\u672c\u7684\u306b\u6539\u5584\u3055\u308c\u305f\u306e\u3067\u3001\u3053\u306e\u6570\u5b57\u304c\u4e0b\u304c\u3063\u305f\u306e\u3060\u308d\u3046\u3068\u601d\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u79c1\u306f\u305d\u306e\u4fa1\u5024\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u306a\u305c20\u5104\u30c9\u30eb\u304c\u95a2\u9023\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u306e\u8ffd\u52a0\u51fa\u8377\u3067\u6e1b\u5c11\u3057\u306a\u304b\u3063\u305f\u306e\u304b\u3001\u5c11\u3057\u8a71\u3057\u3066\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u8cea\u554f\u3067\u3059\u306d\u3001Simon\u3002\u5b9f\u969b\u3001\u304a\u6c17\u3065\u304d\u306e\u3088\u3046\u306b\u3001\u4eca\u671f\u306f\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u5168\u4f53\u306e\u58f2\u4e0a\u304c10%\u5897\u52a0\u3057\u30012\u6841\u6210\u9577\u306b\u623b\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u6210\u9577\u306e\u4e00\u90e8\u306f\u3001\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u3068\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u4e21\u65b9\u306e\u30d0\u30c3\u30af\u30ed\u30b0\u3092\u51fa\u8377\u3057\u305f\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u51fa\u8377\u306e\u52b9\u679c\u304c\u8868\u308c\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3001\u5148\u307b\u3069\u30c1\u30e3\u30c3\u30af\u304c\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u9700\u8981\u306f\u5805\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u524d\u56db\u534a\u671f\u6bd4\u3067\u306f6\uff05\u306e\u6e1b\u5c11\u306b\u3068\u3069\u307e\u308a\u307e\u3057\u305f\u304c\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u5728\u5eab\u306f\u307e\u3060\u76f8\u5f53\u91cf\u3042\u308a\u3001\u305d\u306e\u4e00\u90e8\u306f\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u306b\u4ed8\u968f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Simon Leopold &#8212; Raymond James &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u58f2\u4e0a\u9ad8\u307e\u305f\u306f\u88fd\u54c1\u58f2\u4e0a\u9ad8\u306b\u5360\u3081\u308b\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u5272\u5408\u306f\u3001\u73fe\u5728\u3069\u306e\u7a0b\u5ea6\u3067\u3059\u304b\uff1f<\/p>\n<p>Scott Herren &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3060\u3051\u3067\u3042\u308c\u3070\u300130\uff05\u53f0\u3067\u3059\u3002\u5168\u4f53\u3067\u306f44\uff05\u53f0\u3067\u3059\u3002<\/p>\n<p>Simon Leopold &#8212; Raymond James &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u90e8\u9577<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30af\u30ec\u30c7\u30a3\u30fb\u30b9\u30a4\u30b9\u306e\u30b5\u30df\u30fb\u30d0\u30c9\u30ea\u3067\u3059\u3002\u5148\u306b\u3069\u3046\u305e\u3002<\/p>\n<p>\u30b5\u30df\u30fb\u30d0\u30c9\u30ea &#8212; \u30af\u30ec\u30c7\u30a3\u30fb\u30b9\u30a4\u30b9 &#8212; 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&#8212; 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&#8212; 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Notter &#8212; \u30b8\u30a7\u30d5\u30ea\u30fc\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u4ee5\u4e0a\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30b8\u30e7\u30fc\u30b8\u3002\u6b21\u306e\u8cea\u554f\u3067\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002UBS\u306e\u30c7\u30d3\u30c3\u30c9\u30fb\u30f4\u30a9\u30af\u30c8\u3067\u3059\u3002\u5148\u306b\u3069\u3046\u305e\u3002<\/p>\n<p>David Vogt &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3042\u306a\u305f\u304c\u305d\u308c\u3092\u30ab\u30d0\u30fc\u3057\u305f\u306a\u3089\u3001\u79c1\u306f\u8b1d\u7f6a\u3057\u307e\u3059\u3002\u79c1\u306e\u56de\u7dda\u306f\u3082\u3046\u5c11\u3057\u5207\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u3001\u53d7\u6ce8\u3068\u53d7\u6ce8\u6b8b\u306e\u95a2\u4fc2\u3092\u306f\u3063\u304d\u308a\u3055\u305b\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u79c1\u306e\u8a18\u61b6\u9055\u3044\u3067\u306a\u3051\u308c\u3070\u3001\u4f1a\u8a08\u5e74\u5ea6\u7d42\u4e86\u6642\u306e\u53d7\u6ce8\u6b8b\u306f\u304a\u3088\u305d50\u5104\u30c9\u30eb\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u4eca\u5f8c\u6570\u56db\u534a\u671f\u306b\u308f\u305f\u3063\u3066\u53d7\u6ce8\u6b8b\u304c\u7d0435\u5104\u30c9\u30eb\u6e1b\u5c11\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f\u3082\u3057\u305d\u3046\u3060\u3068\u3059\u308b\u3068\u3001\u3042\u306a\u305f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u304b\u3089\u305d\u308c\u3092\u5dee\u3057\u5f15\u3044\u305f\u5834\u5408\u300123\u5e74\u304b\u308924\u5e74\u306b\u304b\u3051\u3066\u306e\u53d7\u6ce8\u6b8b\u306e\u6e1b\u5c11\u3092\u9664\u3051\u3070\u3001\u4e8b\u696d\u306f\u4e8b\u5b9f\u4e0a\u524d\u5e74\u4e26\u307f\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f\u7d9a\u3044\u3066\u3001\u7c21\u5358\u306a\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u91cd\u8981\u306a\u90e8\u5206\u3092\u8aac\u660e\u3057\u307e\u3057\u3087\u3046\u3002\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002\u4ee5\u524d\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u4eca\u5e74\u3001\u901a\u5e38\u306e2\u500d\u304b\u30893\u500d\u306e\u53d7\u6ce8\u6b8b\u3092\u6301\u3064\u3053\u3068\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u524d\u56db\u534a\u671f\u306b\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u901a\u5e38\u306e\u53d7\u6ce8\u6b8b\u306f\u5e74\u672b\u306b40\u5104\u30c9\u30eb\u304b\u308950\u5104\u30c9\u30eb\u306e\u9593\u306b\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u3001\u79c1\u305f\u3061\u304c\u898b\u3066\u3044\u308b\u306e\u306f\u3001\u901a\u5e38\u306e\u53d7\u6ce8\u6b8b\u304c\u305d\u306e2\u500d\u7a0b\u5ea6\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u306e\u305f\u3081\u3001\u53d7\u6ce8\u6b8b\u306e\u4e00\u90e8\u3092\u51fa\u8377\u3067\u304d\u308b\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u304f\u3001\u304a\u5ba2\u69d8\u3084\u30d1\u30fc\u30c8\u30ca\u30fc\u4f01\u696d\u306b\u3068\u3063\u3066\u306f\u6717\u5831\u3067\u3059\u3002\u3053\u306e\u65b9\u7a0b\u5f0f\u306b\u6b20\u3051\u3066\u3044\u308b\u306e\u306f\u3001\u53d7\u6ce8\u6b8b\u3092\u51fa\u8377\u3059\u308b\u969b\u306b\u300120\u5104\u30c9\u30eb\u4ee5\u4e0a\u306e\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u304c\u3042\u308b\u3068\u8a00\u3063\u305f\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u591a\u304f\u306f\u8a55\u4fa1\u53ef\u80fd\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u51fa\u8377\u3057\u305f\u6642\u70b9\u3067\u3059\u3079\u3066\u304c\u53ce\u76ca\u306e\u6d41\u308c\u306b\u4e57\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6700\u7d42\u7684\u306b\u306f\u7e70\u5ef6\u53ce\u76ca\u306b\u8a08\u4e0a\u3055\u308c\u3001\u6642\u9593\u3092\u304b\u3051\u3066\u8a8d\u8b58\u3055\u308c\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u53d7\u6ce8\u6b8b\u306e\u6e1b\u5c11\u3084\u58f2\u4e0a\u9ad8\u306e\u5897\u52a0\u3060\u3051\u3067\u306a\u304f\u3001\u7e70\u5ef6\u53ce\u76ca\u306e\u5897\u52a0\u306b\u3069\u308c\u3060\u3051\u8ca2\u732e\u3059\u308b\u304b\u3082\u8003\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u304c\u3001\u3042\u306a\u305f\u304c\u898b\u9003\u3057\u3066\u3044\u308b\u90e8\u5206\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n<p>David Vogt &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u3001\u7c21\u5358\u306a\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3067\u3059\u304c\u3001\u4f8b\u3048\u3070\u6765\u5e74\u5ea6\u306b\u5165\u3063\u3066\u304b\u3089\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306b\u95a2\u3059\u308b\u8cb4\u793e\u306e\u7d20\u6674\u3089\u3057\u3044\u4ed5\u4e8b\u3076\u308a\u3084\u3001\u30c1\u30fc\u30e0\u306e\u9a5a\u7570\u7684\u306a\u4ed5\u4e8b\u3076\u308a\u3092\u8003\u3048\u308b\u3068\u3001\u3064\u307e\u308a\u3001\u57fa\u672c\u7684\u306b\u306f\u3001\u30c8\u30ec\u30f3\u30c9\u304c\u73fe\u5728\u3068\u540c\u3058\u3067\u3042\u308c\u3070\u3001\u56db\u534a\u671f\u4ee5\u5185\u3001\u6700\u60aa\u306e\u5834\u54082\u56db\u534a\u671f\u4ee5\u5185\u306b\u6b63\u5e38\u306a\u30d0\u30c3\u30af\u30ed\u30b0\u306b\u623b\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b? \u3053\u308c\u306f\u59a5\u5f53\u306a\u4e88\u60f3\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>1\u56db\u534a\u671f\u3068\u304b2\u56db\u534a\u671f\u3068\u304b\u8a00\u3046\u3088\u308a\u3082\u300124\u5e74\u5ea6\u4e2d\u306b\u6b63\u5e38\u5316\u3059\u308b\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>David Vogt &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30fc\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u90e8\u9577<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u306e\u30bf\u30eb\u30fb\u30ea\u30a2\u30fc\u30cb\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u304a\u805e\u304d\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Tal Liani &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u524d\u306e\u8cea\u554f\u3067\u79c1\u306e\u96f7\u3092\u76d7\u3093\u3067\u3044\u304d\u307e\u3057\u305f\u306d\u3002\u3042\u308c\u306f\u307e\u3055\u306b\u79c1\u306e\u8cea\u554f\u3067\u3057\u305f\u3002\u305d\u3053\u3067\u3001\u4eca\u304a\u7b54\u3048\u3044\u305f\u3060\u3044\u305f\u3053\u3068\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u306f\u3063\u304d\u308a\u3055\u305b\u3066\u304a\u304d\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u5e74\u672b\u306b800\u4e07\u30c9\u30eb\u304b\u30891000\u4e07\u30c9\u30eb\u306e\u58f2\u4e0a\u304c\u898b\u8fbc\u307e\u308c\u308b\u305f\u3081\u3001\u6700\u4f4e\u3067\u30826\u5104\u30c9\u30eb\u306e\u53d7\u6ce8\u6b8b\u306e\u6e1b\u5c11\u304c\u3042\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u306d\u3002\u305d\u306e\u3046\u3061\u306e6%\u3092\u53d6\u308b\u3068\u3001\u53d7\u6ce8\u6b8b\u304c\u591a\u304f\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u6700\u4f4e\u3067\u30826\u5104\u30c9\u30eb\u306e\u30d0\u30c3\u30af\u30ed\u30b0\u306e\u6e1b\u5c11\u304c\u3042\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u88fd\u54c1\u306e\u6210\u9577\u306b\u3088\u3063\u3066\u30016\u5104\u30c9\u30eb\u306e\u3046\u3061\u3044\u304f\u3089\u304b\u306f\u7e70\u5ef6\u53ce\u76ca\u306b\u8a08\u4e0a\u3055\u308c\u308b\u305f\u3081\u3001\u305d\u306e\u5206\u3092\u5dee\u3057\u5f15\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u4eca\u304a\u7b54\u3048\u3044\u305f\u3060\u3044\u305f\u5185\u5bb9\u3067\u9593\u9055\u3044\u3042\u308a\u307e\u305b\u3093\u304b\uff1f<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u3002\u305d\u3046\u3067\u3059\u306d\u3002\u3082\u3057\u307e\u3060\u306f\u3063\u304d\u308a\u3057\u306a\u3044\u3088\u3046\u3067\u3057\u305f\u3089\u3001\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3067\u304a\u7b54\u3048\u3057\u307e\u3059\u30026%\u3068\u3044\u3046\u306e\u306f\u3001\u7b2c1\u56db\u534a\u671f\u304b\u3089\u7b2c2\u56db\u534a\u671f\u306b\u304b\u3051\u3066\u306e\u30d0\u30c3\u30af\u30ed\u30b0\u306e\u6e1b\u5c11\u3067\u3059\u306d\uff1f\u3064\u307e\u308a\u3001\u7b2c1\u56db\u534a\u671f\u306b\u8a08\u4e0a\u3057\u305f\u30d0\u30c3\u30af\u30ed\u30b0\u306e\u7d046%\u3092\u53d6\u308a\u5d29\u3059\u3053\u3068\u304c\u3067\u304d\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u7b2c2\u56db\u534a\u671f\u306b\u901a\u671f\u306e\u898b\u901a\u3057\u3092\u767a\u8868\u3057\u305f\u6642\u70b9\u3067\u306f\u3001\u901a\u5e38\u306e2\u500d\u304b\u30893\u500d\u306e\u53d7\u6ce8\u6b8b\u304c\u3042\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u901a\u5e38\u306e\u7d042\u500d\u306e\u53d7\u6ce8\u6b8b\u306b\u306a\u308b\u3068\u306f\u8a00\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u305d\u306e\u3046\u3061\u306e\u3044\u304f\u3064\u304b\u306f\u51fa\u8377\u3055\u308c\u3001\u4e0b\u534a\u671f\u306b\u767a\u8868\u3057\u305f\u5927\u5e45\u306a\u5897\u53ce\u306e\u4e00\u90e8\u3068\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u3046\u3061\u306e\u3044\u304f\u3064\u304b\u306f\u3001\u3059\u3050\u306b\u53ce\u76ca\u3068\u306a\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u7e70\u5ef6\u53ce\u76ca\u3068\u306a\u308a\u3001\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u8a8d\u8b58\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u3057\u3066RPO\u306b\u53cd\u6620\u3055\u308c\u308b\u306e\u3067\u3059\u306d\u3002<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u7e70\u5ef6\u53ce\u76ca\u3068RPO\u306b\u8a08\u4e0a\u3055\u308c\u307e\u3059\u3002\u3054\u7406\u89e3\u3044\u305f\u3060\u3051\u305f\u3067\u3057\u3087\u3046\u304b\u3002Tai. \u305d\u3046\u3067\u306a\u3051\u308c\u3070\u3001\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3057\u307e\u3059\u3002<\/p>\n<p>Tal Liani &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3002\u975e\u5e38\u306b\u660e\u5feb\u3067\u3059\u3002\u305d\u3053\u3067\u8cea\u554f\u3067\u3059\u304c\u3001\u57fa\u672c\u7684\u306a\u3053\u3068\u306b\u623b\u3063\u3066\u7406\u89e3\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001Arista\u304c\u300c\u74b0\u5883\u306f\u6e1b\u901f\u3092\u7d9a\u3051\u3066\u3044\u308b\u300d\u3068\u8a00\u3063\u305f\u306e\u3092\u805e\u3044\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>Arista\u304c\u305d\u3046\u8a00\u3063\u3066\u3044\u308b\u306e\u3092\u805e\u3044\u305f\u308f\u3051\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u30b5\u30fc\u30d3\u30b9\u30fb\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u304c\u5f31\u3044\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3082\u805e\u304d\u307e\u305b\u3093\u3002\u5927\u53e3\u9867\u5ba2\u306b\u3064\u3044\u3066\u3001\u4f01\u696d\u9867\u5ba2\u3001\u5546\u696d\u9867\u5ba2\u3001\u30b5\u30fc\u30d3\u30b9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u9867\u5ba2\u306e\u652f\u51fa\u72b6\u6cc1\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u524d\u56db\u534a\u671f\u304b\u3089\u3055\u3089\u306b\u74b0\u5883\u306f\u60aa\u5316\u3057\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u5b89\u5b9a\u3057\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u5c11\u306a\u304f\u3068\u3082\u3053\u308c\u307e\u3067\u306e\u50be\u5411\u304b\u3089\u3001\u4eca\u5e74\u3082\u524d\u56db\u534a\u671f\u6bd4\u3067\u306f\u901a\u5e38\u901a\u308a\u63a8\u79fb\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u4eca\u5f8c\u3055\u3089\u306b\u60aa\u5316\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u306f\u3044\u3001\u30bf\u30eb\u3067\u3059\u3002\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u3068\u30b3\u30de\u30fc\u30b7\u30e3\u30eb\u306e\u5206\u91ce\u3067\u306f\u30012\u6841\u306e\u524d\u5012\u3057\u6210\u9577\u304c\u898b\u3089\u308c\u3001\u3053\u308c\u306f\u6b74\u53f2\u7684\u306b\u898b\u3066\u3082\u540c\u3058\u3053\u3068\u3067\u3059\u3002\u307e\u305f\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u516c\u5171\u90e8\u9580\u306f\u6b74\u53f2\u7684\u306a\u7bc4\u56f2\u3088\u308a\u3082\u9ad8\u304f\u3001\u9023\u90a6\u653f\u5e9c\u3082\u975e\u5e38\u306b\u597d\u8abf\u3067\u3057\u305f\u3002<\/p>\n<p>\u9700\u8981\u306e\u89b3\u70b9\u304b\u3089\u306f\u3001\u3053\u306e\u56db\u534a\u671f\u306f\u975e\u5e38\u306b\u597d\u8abf\u3067\u3057\u305f\u3002\u30b5\u30fc\u30d3\u30b9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u5074\u3067\u306f\u3001\u7af6\u5408\u4ed6\u793e\u3084\u540c\u696d\u4ed6\u793e\u306e\u591a\u304f\u304c\u3001\u3068\u306b\u304b\u304f\u53d7\u6ce8\u30c7\u30fc\u30bf\u3092\u51fa\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u304c\u308f\u304b\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30b5\u30fc\u30d3\u30b9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u5074\u3067\u306f\u3001\u7af6\u5408\u4ed6\u793e\u3084\u540c\u696d\u4ed6\u793e\u306e\u591a\u304f\u304c\u3001\u3044\u305a\u308c\u306b\u305b\u3088\u6ce8\u6587\u30c7\u30fc\u30bf\u3092\u63d0\u4f9b\u3057\u306a\u3044\u305f\u3081\u3001\u5f53\u793e\u306b\u3068\u3063\u3066\u306f\u3001\u9577\u671f\u7684\u306a\u767a\u6ce8\u8a08\u753b\u3092\u6700\u3082\u3088\u304f\u7df4\u3063\u305f\u306e\u306f\u305d\u3046\u3057\u305f\u304a\u5ba2\u69d8\u3067\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30ea\u30fc\u30c9\u30bf\u30a4\u30e0\u304c\u77ed\u304f\u306a\u308a\u59cb\u3081\u308b\u3068\u3001\u767a\u6ce8\u30d1\u30bf\u30fc\u30f3\u304c\u5909\u308f\u308a\u3001\u3059\u3067\u306b6\u30ab\u6708\u304b\u308912\u30ab\u6708\u5206\u306e\u6d88\u8cbb\u304c\u30d0\u30c3\u30af\u30ed\u30b0\u306b\u4e26\u3076\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u305f\u3081\u3001\u4eca\u5f8c\u6570\u56db\u534a\u671f\u3067\u6b63\u5e38\u5316\u3059\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002\u30a6\u30a7\u30d6\u30b9\u30b1\u30fc\u30eb\u306e\u5206\u91ce\u3067\u306f\u3001\u5927\u624b\u4f01\u696d\u3067\u7d0435\u306e\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u307e\u305f\u306f\u30d5\u30e9\u30f3\u30c1\u30e3\u30a4\u30ba\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u5f53\u793e\u306f\u73fe\u6642\u70b9\u3067\u305d\u306e\u3046\u3061\u306e18\u306e\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u3092\u30c7\u30b6\u30a4\u30f3\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3046\u306118\u793e\u306b\u63a1\u7528\u3055\u308c\u3066\u304a\u308a\u3001\u4eca\u5f8c\u3082\u63a1\u7528\u304c\u9032\u3080\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002\u4eca\u65e5\u3082\u3001\u65b0\u305f\u306a\u30c7\u30b6\u30a4\u30f3\u30a6\u30a3\u30f3\u3092\u7372\u5f97\u3057\u305f\u3068\u3044\u3046\u77e5\u3089\u305b\u3092\u53d7\u3051\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u9577\u671f\u7684\u306b\u975e\u5e38\u306b\u697d\u89b3\u7684\u3067\u3059\u3002\u305f\u3060\u3001\u30b5\u30fc\u30d3\u30b9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306e\u5206\u91ce\u3067\u306f\u3001\u77ed\u671f\u7684\u306b\u306f\u6b63\u5e38\u5316\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Tal Liani &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30ec\u30a4\u30aa\u30d5\u3084\u666f\u6c17\u6e1b\u901f\u306e\u5f71\u97ff\u3067\u3059\u304c\u3001\u3053\u308c\u3089\u306e\u8981\u56e0\u304c\u5fa1\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u524d\u56db\u534a\u671f\u304b\u3089\u5b89\u5b9a\u3057\u3066\u3044\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u8cea\u554f\u3067\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3064\u307e\u308a\u3001\u9867\u5ba2\u306e\u30ec\u30a4\u30aa\u30d5\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Tal Liani &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u696d\u754c\u5168\u4f53\u3067\u3059\u3002<\/p>\n<p>Chuck Robbins &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3057\u304b\u3057\u3001\u4eca\u56de\u306e\u4e8b\u614b\u3092\u8003\u3048\u308b\u3068\u3001\u96c7\u7528\u304c\u5927\u5e45\u306b\u5897\u52a0\u3057\u305f\u4f01\u696d\u304c\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u5f53\u793e\u306f\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u4eca\u3001\u79c1\u305f\u3061\u304c\u76ee\u306b\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u9806\u6b21\u6210\u9577\u304c\u4e00\u76f4\u7dda\u4e0a\u306b\u3042\u308b\u3053\u3068\u3068\u3001\u3044\u304f\u3064\u304b\u306e &#8212; 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\u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u8cea\u554f\u3092\u53d7\u3051\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5f37\u529b\u306a\u30ac\u30a4\u30c9\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u4ee5\u964d\u306e2\u3064\u306e\u88fd\u54c1\u5206\u91ce\u306b\u3064\u3044\u3066\u7c21\u5358\u306b\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u5e45\u5e83\u3044\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u6301\u3064\u5fa1\u793e\u306f\u3001\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3068\u3057\u3066\u3001\u9867\u5ba2\u304b\u3089\u3042\u308b\u30ec\u30d9\u30eb\u306e\u7d71\u5408\u3092\u6c42\u3081\u3089\u308c\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3069\u306e\u3088\u3046\u306a\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u307e\u305f\u3001\u30d5\u30a1\u30a4\u30a2\u30a6\u30a9\u30fc\u30eb\u306e\u5206\u91ce\u3067\u306f\u3001\u4f9b\u7d66\u304c\u7de9\u548c\u3055\u308c\u308b\u3053\u3068\u3067\u3069\u306e\u3088\u3046\u306a\u6069\u6075\u304c\u3042\u308b\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u300cInternet for Future\u300d\u30bb\u30b0\u30e1\u30f3\u30c8\u306f\u3001\u4ed6\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u306b\u6bd4\u3079\u3066\u4f9b\u7d66\u304c\u3084\u3084\u5236\u9650\u3055\u308c\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u304c\u3001\u4f9b\u7d66\u9762\u3067\u306f\u3069\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u79c1\u304c\u5b89\u5168\u4fdd\u969c\u3092\u62c5\u5f53\u3057\u307e\u3059\u306e\u3067\u3001\u3042\u306a\u305f\u306f\u4f9b\u7d66\u5074\u3092\u62c5\u5f53\u3055\u308c\u3066\u304f\u3060\u3055\u3044\u3002\u79c1\u305f\u3061\u306e\u9867\u5ba2\u306f\u7686\u3001\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fb\u30a4\u30f3\u30d5\u30e9\u306e\u7d71\u5408\u3092\u671b\u3093\u3067\u3044\u307e\u3059\u300240\uff5e50\u306e\u7570\u306a\u308b\u30d9\u30f3\u30c0\u30fc\u304c\u5b58\u5728\u3057\u3001\u3053\u308c\u3089\u306e\u8105\u5a01\u3092\u95a2\u9023\u4ed8\u3051\u308b\u3053\u3068\u306f\u975e\u5e38\u306b\u56f0\u96e3\u3067\u3001\u4eba\u6570\u3092\u5897\u3084\u3059\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u305d\u3053\u3067\u3001\u79c1\u305f\u3061\u306e\u30c1\u30fc\u30e0\u306f\u73fe\u5728\u3001\u4eca\u5f8c1\u5e74\u304b\u30891\u5e74\u534a\u306e\u9593\u306b\u63d0\u4f9b\u3059\u308b\u4e88\u5b9a\u306e\u65b0\u6a5f\u80fd\u306b\u982d\u3092\u4e0b\u3052\u3066\u53d6\u308a\u7d44\u3093\u3067\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u4e00\u90e8\u306f\u307e\u3055\u306b\u3053\u306e\u70b9\u306b\u7126\u70b9\u3092\u5f53\u3066\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u304a\u305d\u3089\u304f3\u30014\u56db\u534a\u671f\u5148\u306b\u306f\u305d\u306e\u52b9\u679c\u304c\u73fe\u308c\u59cb\u3081\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u30c1\u30fc\u30e0\u306b\u306f\u3084\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u5916\u90e8\u306e\u4eba\u6750\u3092\u5927\u91cf\u306b\u63a1\u7528\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u5206\u91ce\u306b\u306f\u591a\u984d\u306e\u6295\u8cc7\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u77ed\u671f\u7684\u306b\u306f\u7686\u3055\u3093\u304c\u671b\u3080\u3088\u3046\u306a\u6210\u9577\u306f\u898b\u8fbc\u3081\u306a\u3044\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u300124\u5e74\u5ea6\u306b\u306f\u52a0\u901f\u5ea6\u7684\u306b\u6210\u9577\u3057\u3066\u3044\u304f\u3053\u3068\u3067\u3057\u3087\u3046\u3002\u79c1\u305f\u3061\u306f\u9577\u3044\u76ee\u3067\u898b\u3066\u3001\u4eca\u5f8c\u6570\u5e74\u306e\u9593\u306b\u591a\u304f\u306e\u7d71\u5408\u3092\u9032\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002\u30b9\u30b3\u30c3\u30c8<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d8\u30ec\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>Internet for the Future\u3001Samik\u3001\u3053\u308c\u306f\u3072\u3068\u3064\u306e\u7a7a\u9593\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u88fd\u54c1\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306b\u308f\u305f\u3063\u3066\u61f8\u547d\u306b\u52aa\u529b\u3057\u3001\u591a\u304f\u306e\u3053\u3068\u3092\u6210\u3057\u9042\u3052\u3066\u304d\u307e\u3057\u305f\u3002\u3060\u304b\u3089\u3001\u591a\u304f\u306e\u5834\u5408\u3001\u5927\u304d\u306a\u9032\u6b69\u3092\u9042\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u300cInternet for the Future\u300d\u306f\u3001\u307e\u3060\u30ea\u30fc\u30c9\u30bf\u30a4\u30e0\u304c\u6539\u5584\u3055\u308c\u3066\u3044\u306a\u3044\u5206\u91ce\u306e1\u3064\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u6570\u9031\u9593\u3067\u3001\u540c\u3058\u5206\u91ce\u3067\u8ca9\u58f2\u3092\u3057\u3066\u3044\u308b\u540c\u696d\u4ed6\u793e\u304c\u9700\u8981\u306b\u5fdc\u3048\u3089\u308c\u306a\u3044\u3068\u5224\u65ad\u3057\u305f\u6ce8\u6587\u3092\u3059\u3067\u306b\u7372\u5f97\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u6ce8\u6587\u306f\u79c1\u305f\u3061\u306e\u3068\u3053\u308d\u306b\u6765\u305f\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u5206\u91ce\u306f\u79c1\u305f\u3061\u304c\u5f15\u304d\u7d9a\u304d\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u5206\u91ce\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4f9b\u7d66\u30b5\u30a4\u30c9\u3068Internet for the Future\u306b\u3064\u3044\u3066\u306f\u3001\u304b\u306a\u308a\u3046\u307e\u304f\u3044\u3063\u3066\u3044\u308b\u3068\u611f\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Samik Chatterjee &#8212; JPMorgan Chase and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30ea\u30ea\u30f3\u30fb\u30e2\u30e9 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53<\/p>\n<p>\u305d\u308c\u3067\u306f\u3002\u4ee5\u4e0a\u3067Q&amp;A\u3092\u7d42\u308f\u3089\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u3067\u306f\u3001\u6700\u5f8c\u306b\u30c1\u30e3\u30c3\u30af\u304b\u3089\u3054\u6328\u62f6\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30c3\u30af\u30fb\u30ed\u30d3\u30f3\u30b9 &#8212; 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&#8212; 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href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)2023\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u682a\u4fa1\u306f\u9577\u671f\u3067\u30dc\u30c3\u30af\u30b9\u570f\u306b\u3044\u3066\u4f38\u3073\u306a\u304b\u3063\u305f\u3067\u3059\u304c\u4eca\u56de\u306e\u597d\u6c7a\u7b97\u3092\u6a5f\u306b\u518d\u6210\u9577\u3057\u3066\u304f\u308c\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u305f\u3044\u3067\u3059\u3002 \u30b7\u30b9\u30b3\u30b7\u30b9\u30c6\u30e0\u30ba (CSCO)2023 &#8230; 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