Cisco loses another top executive

A second top-tier Cisco Systems Inc. (csco) executive resigned Thursday, but the networking giant denied it was suffering a brain drain. Gary Daichendt, Cisco's executive vice president of worldwide operations, has left the company after six years to spend more time with his family, the company said Thursday. Daichendt's resignation follows the August departure of executive vice president Don Listwin, who left Cisco to become chief executive of Phone.com, now called OpenWave Systems. Senior vice presidents Rick Justice and Carl Redfield will assume Daichendt's duties and report directly to Cisco CEO John Chambers. Justice runs worldwide sales and manufacturing, while Redfield handles worldwide manufacturing operations. - Wylie Wong, Special to ZDNet