Not really. I'm sure they're happy they don't have to pour so much R&D into engineering ever-growing core switches.
They're quite aware of the trend towards decentralization. Where Facebook et al lead, other's will follow -- and Cisco will be right there to take your money to give you what Facebook has accomplished.
What's interesting is the 'decentralization' here is actually a centralization of compute for a single company, in a single location. Data gravity sucks.
They're quite aware of the trend towards decentralization. Where Facebook et al lead, other's will follow -- and Cisco will be right there to take your money to give you what Facebook has accomplished.