Cisco Looks to Ditch Linksys Division
December 17, 2012 8:47 AM
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Linksys expected to fetch less than the $500 million Cisco paid in 2003
Cisco Systems is one the largest makers computer network hardware in the world. While the majority of the products that Cisco sells directly are enterprise grade products sold to businesses, Cisco does have the Linksys consumer brand for wireless routers, hubs, and IP cameras.
However, a report suggests Cisco is looking to sell Linksys and has hired Barclays PLC to help it find a buyer.
indicates that Linksys could be interesting to TV makers seeking a recognized brand name and technology.
Cisco purchased Linksys in 2003 to give itself a consumer networking arm for $500 million. At the time, Linksys was a mature company in the consumer business segment with low margins. Linksys is now expected to fetch significantly less than the $500 million Cisco paid.
Like many other companies in the technology segment, Cisco has been downsizing in order to streamline its operations. The company eliminated 7,800 employees over the last year and closed its
Flip video camera unit
that made small, handheld digital camcorders.
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A good change?
12/17/2012 9:28:31 AM
I think Cisco did some positive things for Linksys for some really negative ones too. These products don't have a lot of profit margin but I can buy much better hardware for the same money as a Linksys product. Pre-Cisco they were some of the best you could buy. They had great modder friendly features as well. Removal antennas, GPL licensed firmware, and top of the line chips. Now, they're just overpriced and packed with stupid proprietary features that are not even common across a family of products. I think they need a new owner and a new lease on life.
"My sex life is pretty good" -- Steve Jobs' random musings during the 2010 D8 conference
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