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.
This article is over a month old, voting and posting comments is disabled
12/17/2012 9:09:48 PM
perfect opp for an employee buyout. get some cable co to make me their in-house wireless router (riding the cisco name since they do set-top boxes) -- brighthouse/time-warner stock them on-the-shelf! so it, along with retail mkt, would be a nice consistent biz without some corporate yahoo to screw it up!
"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch
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