I think you must be on another planet.
The Chuck has already said the money bought in from a Tax break will be used for share buy backs, a one time dividend and some M&A. No mention of R&D there? And with M&A he's just saying what the speculators want to hear, as if having the money in the US makes any difference to the capability to M&A. I suspect nearly all will go into debt payback, share buy backs and dividend yields to boost the share price and justify some large Exec bonuses.
Metacloud and Hyperflex are both commercial flops. Leadership have been telling us for a while now to discount them to whatever it takes to win the business, but still growth is declining for UCS and datacenter as a whole.
R&D... didn't everyone who ever came up with anything that resembled home grown innovation (MPLS) just leave the company to setup their own business?
Although AWS isn't growing at the rates you'd be led to believe, in the Enterprise space they still have some of the biggest companies in the world using their infrastructure, which BTW means Cisco isn't getting any DC business from them. People like Amazon.com, Netflix, Uber, Pfizer, Unilever, Citrix for example. But the more interesting thing is if you speak to Enterprise customers, they all say they are not in the DC business anymore, are building all new applications to run in the cloud and are on the cusp off moving heavy workloads out to AWS and Azure, which in turn again means no DC business for Cisco. I strongly believe that after this next phase of refreshes due on Cat 6500 due this year, Cisco's DC business will go in to free fall as customers turn their backs on building in house infrastructure and focus instead on app development for the cloud.
Lastly, yes I'm sure their are a lot of Red badges willing to do a blue badge job, but is that a good thing for Cisco? There is a reason that some people are Red badges and it's not just the flexibility it give Cisco. Often these people are less qualified and talented, hence why they are willing to accept lower levels of pay. If all Blues were replaced with Reds tomorrow, Cisco would quickly recognise a talent shortage and this will hit revenues. As for grads, have to not noticed most the good ones tend to leave a few years in. Cisco is not a place Millenials aspire or want to work for and the culture is also heading in the wrong direction to retain them, however it's a good stepping stone out of college, but Cisco would need to prepare for a change in the churn of staff if this is the future strategy.
Cisco is a good company with lots of cash. However market forces are working against them and due to a few bad decisions 5-10 years ago it seems that Cisco like many other old skool tech companies are sailing in the wrong direction but trying to convince everyone it's the right way. If they don't do something extremely drastic in the 2-3 years, things might not be recoverable.