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Cisco Prepares to Shed Linksys Division

News sources report Cisco is readying to sell Linksys, the technology giant’s consumer networking division. Cisco originally purchased the maker of small office/home office routers and wireless access points in 2003 for US$500 million. Since then, home networking gear has been sold as “Linksys by Cisco” to distinguish those products from Cisco’s enterprise equipment. The divestiture is part of the larger corporate strategy, which moves the company wholly out of consumer products. Bloomberg reports that Barclays PLC has been retained to find a buyer. Analysts say they do not expect Cisco to recoup the original purchase price.
(Ars Technica)(Bloomberg)
News sources report Cisco is readying to sell Linksys, the technology giant’s consumer networking division. Cisco originally purchased the maker of small office/home office routers and wireless access points in 2003 for US$500 million. Since then, home networking gear has been sold as “Linksys by Cisco” to distinguish those products from Cisco’s enterprise equipment. The divestiture is part of the larger corporate strategy, which moves the company wholly out of consumer products. Bloomberg reports that Barclays PLC has been retained to find a buyer. Analysts say they do not expect Cisco to recoup the original purchase price. (Ars Technica)(Bloomberg)

 

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