No way. That radio announcer is sorely mistaken. Cisco's stock has tanked recently, but most likely that is due to a market correction based on earnings.

I have recently obtained my CCNA and have been beside myself with the lack of opportunity, and I believe ( for the most part anyway) that this is due to the economy.

Right now, companies are sitting on mounds of cash, and want to hire, but they are afraid of what the Obama administration is going to do next that will eventually cost them loads of cash and hurt their profits. Once Obama either gets replaced, or the companies see that he isn't going to continue to make poor economic decisions, they will break loose. But that could take several more years (although I dont think it will).

Companies need to be free to make thier own decisions, and either sink or swim based on those decisions. When government gets involved in business, we see job markets like the current one in the US.

It amazes me that their are so many intelligent people in the IT industry who cannot see this concept.

Anyway, job outlook based on Bureau of Labor, along with other reputable sources, liken the networking industry to that of health care with regards to demand, so hopefully it will pick up before the we go broke waiting for it.