Print 35 comment(s) - last by JediJeb.. on Dec 18 at 3:24 PM

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. Bloomberg 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.

Source: Bloomberg

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: disappearing market.
By Cheesew1z69 on 12/17/2012 1:31:58 PM , Rating: 2
No, it's not.

RE: disappearing market.
By nedsand on 12/18/2012 11:36:27 AM , Rating: 2
This is area specific and in my area dominated by ATT and Cox I absolutely love the fact that they sell wireless hardware with their service. It saves me a lot of headache since I stopped doing computer work on the side years ago. I get the question of "what router should I buy" every couple of months and always tell them to order it from their provider. The hardware really isn't that bad and they come preconfigured with instructions even a moron can understand. And when one of the end users at work has a question I can tell them to call their provider as the cost of support is built into the cost of the hardware.

My first cable modem was a Motorolla Surfboad and I loved it and have had a few since the first but everytime I called my provider with issues that were clearly on their end they always wanted to blame my modem since I didn't purchase it from them. The last time this happened I got fed up and ordered one of their modems expecting the worst hardware imaginable. But to my surprise the off brand "speedsomethingoranother" has a cisco sticker on the bottom and has been just as reliable and speedy as all of the Surfboard modems I had in the past.

"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer
Related Articles

Latest Headlines
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki