& cplSiteName &

Cisco Unloads Linksys Unit

Jeff Baumgartner
News Analysis
Jeff Baumgartner
1/24/2013
50%
50%

Belkin Corp. has struck a deal to acquire Cisco Systems Inc.'s Linksys home networking business unit for an undisclosed sum, marking Cisco's latest exit from a consumer-facing business. The deal comes about a month after rumors surfaced that Cisco was shopping the unit, and had hired Barclays Capital to find a buyer. (See Rumor: Cisco Looking to Sell Linksys Unit.) Cisco and privately held Belkin didn't say how much money would be changing hands or how many employees would be joining Belkin when the deal is closed in March. Cisco acquired Linksys for $500 million in March 2003. But Cisco will still keep Linksys and its technology within arm's reach. "Belkin and Cisco intend to pursue a strategic relationship focused on a variety of initiatives including retail distribution, strategic marketing and products for the service provider market," Hilton Romanski, the head of corporate business development at Cisco, said in this blog post about the deal. Why this matters
For Cisco, the deal will move another consumer-oriented business off its plate, and continue a process that started last year as the company sought to simplify itself and deepen its focus on service provider customers. It also marks a rare divestiture for Cisco. The deal should expands Belkin's already sizable retail presence. It estimates that it will account for roughly 30 percent of the U.S. retail home and small business networking market once Linksys is added to the fold. For more



— Jeff Baumgartner, Site Editor, Light Reading Cable

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Jeff Baumgartner
50%
50%
Jeff Baumgartner,
User Rank: Light Beer
1/25/2013 | 1:32:25 AM
re: Cisco Unloads Linksys Unit
Might be a good time for Cisco to bail, but still have some access to the Linksys technology.-áAs Jeff Heynen noted on the Twitters (https://twitter.com/jeffheynen... , the market for stand-alone home networking gear will be declining as-áservice providers continue to bake all that stuff into a-á new class of-áall-singing, all-dancing gateways, which is where the future of the old set-top is heading. JB
Craig Matsumoto
50%
50%
Craig Matsumoto,
User Rank: Light Sabre
1/25/2013 | 12:11:02 AM
re: Cisco Unloads Linksys Unit
What's left of "consumer" is the set-top unit, right?-á Cisco has always always always insisted set-tops are important, and they're not giving up on that unit, and they have to have the set-top because it's important to their cable customers, and .... we'll see.

[Edited for spelling, because clearly it's coffee time]
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 30, 2017, The Westin Times Square
December 5-7, 2017, The Intercontinental Prague
March 20-22, 2018, Denver Marriott Tech Center
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
Hot Topics
When Will 6G Arrive? Hopefully Never, Says BT's McRae
Iain Morris, News Editor, 11/21/2017
Let's Talk About 5G Efficiency, Not Wacky Services
Iain Morris, News Editor, 11/21/2017
Top 5 Tech Turkeys 2017
Dan Jones, Mobile Editor, 11/22/2017
AT&T's Lurie Leaps to Synchronoss as New CEO
Dan Jones, Mobile Editor, 11/17/2017
Wireless Could Arrive Soon in NYC Subway Tunnels
Dan Jones, Mobile Editor, 11/20/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed
Partner Perspectives - content from our sponsors
The Mobile Broadband Road Ahead
By Kevin Taylor, for Huawei
All Partner Perspectives