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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RE: Positive experience
12/18/2012 12:31:26 AM
Agreed. Old pre-Cisco Linksys hardware was decent. Early days of Cisco-Linksys were kind of terrible, especially the firmware. I switched to D-Link for a while. My favorite D-Link router of the "G" era was the DGL-4300. Good performance, decent firmware.
But when I stepped up to Wireless N, I eventually ended up with an E2500. Not as nice as its higher-end brethren, but still very solid for my purposes. It was a good balance of features, performance, and price.
The software side is only OK. Better than the early Cisco-Linksys days, though.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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