Linksys name will live on
Back in late January of 2013, Belkin announced that it intended the purchase Linksys from Cisco. Cisco had originally purchased Linksys for $500 million in 2003 in an effort to gain access to the consumer networking market. That investment didn't work out so well for Cisco and the company began searching for a buyer last year.
Belkin announced on March 15 that it completed its acquisition of Linksys. Belkin will continue to manage Linksys as a separate brand and product portfolio, which means the Linksys name will live on as promised.
"Linksys has a rich heritage, a passionate customer base and a wide product line, all of which fueled our decision to acquire the company and our plan to maintain the Linksys brand," said Chet Pipkin, CEO of Belkin.
Belkin says that Linksys customers and retailers will continue to see new products carrying the name come to the market in the near future. Belkin says that several new announcements will be made sometime this spring.
Support will continue for existing Linksys products and all warranties that are currently valid will be honored on Linksys products.
Source: Belkin
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
|
Most Popular ArticlesHigh School Student Creates Storage Device that Can Charge in 20 Seconds May 20, 2013, 6:51 AM Seawater Cooling Saves Data Center Big Bucks, Energy, Despite Jellyfish Issues May 17, 2013, 3:23 PM Newegg Legal Chief: "We don't Feed the Trolls"; Defeats Bell Lab Shell Comp. May 17, 2013, 10:11 AM Former Intel CEO Regrets Passing Up on iPhone Gravy Train May 17, 2013, 11:46 AM NASA Awards $125,000 Grant for 3D Printed Food on Long-Term Space Travels May 21, 2013, 1:32 PM
|