Cisco Looks to Ditch Linksys Division
December 17, 2012 8:47 AM
comment(s) - last by
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: disappearing market.
12/18/2012 1:06:31 AM
Well I have FIOS and the routers password at one time had some default but Verizon connected to it and changed it to be the serail number and there isn't a sticker on the buttom of it. I have seen others that do have it but mine doesn't and I'm betting anyone else that got one around the same time doesn't have a sticker either and that was only two years ago. However they don't keep it a secret so if you don't know it just call them and you can administer your heart away. BTW the serial number doesn't seem to work for the password :-(. and besides what good is having a 25MB line when you have a 10 100 Mb port on a "G" wireless router? It won't get anywhere near the 25MB speed at your device.
They are trying to sell me a 75MB line if I re sign up but I don't see the need since it will never come out of the router/modem that fast unless they also supply me a different modem/router.
RE: disappearing market.
12/18/2012 11:40:44 AM
You have your MB's and Mb's mixed up. I wish I could get 75Mb line without having to sell a kidney.
BTW 1 MB = 8 Mb and no one sells 10MB network equipment anymore however it can still handle 80Mb.
RE: disappearing market.
12/18/2012 3:24:57 PM
I wish I could get more than 1.5Mb service from AT&T. I live 5 miles from a town of 20k people and just got that about two years ago. My parents have phone service with an independent phone company Brandenburg Telephone Company and they have 2Mb(company offers higher, they got the entry level) and live 20 miles from the nearest town of 1500 people and there is probably a mile between houses there. If some little company that serves about three counties in Kentucky can offer such service, why can't someone like AT&T offer at least that much?
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