I would never try to do that,' Herren added. By the way, you can't ever time what's going to come with the FOMC. 'As I talk to my peers, CFOs at other companies, I think we are all monitoring the environment. Nor would they be putting their own jobs on the line by signing off on spending $28 billion. Nor would they be risking paying a 31% premium to buy Splunk into a Fed-fueled economic slowdown. If Herren and his CEO Chuck Robbins were terrified of the Fed, the dynamic duo wouldn't be paying more for that new debt versus one year ago. The purchase price will be funded with a mix of cash and new debt. Herren's comments on Yahoo Finance Live came about an hour after Cisco revealed a $28 billion deal to buy security player Splunk. Read more: What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards 'I don't think so,' Cisco CFO Scott Herren told me when asked if the potential for another rate hike from the Fed was a worry to his capital allocation.
