& cplSiteName &

Rumor: Cisco Looking to Sell Linksys Unit

Michelle Donegan
LR Mobile Rumors
Michelle Donegan
12/17/2012
50%
50%

Cisco Systems Inc. (Nasdaq: CSCO) is seeking a buyer for its Linksys wireless home routers business, reports Bloomberg.

According to the report, Cisco has hired Barclays Capital to help it sell the business, citing "people with knowledge of the situation."

Cisco acquired Linksys for US$500 million in March 2003, but Bloomberg's sources say the price tag for the business is likely to be much less than what Cisco paid for it back then. (See Cisco Buying Linksys for $500M and Cisco to Buy Linksys.)

The decision to consider a sale is viewed as part of Cisco's efforts to exit certain consumer-oriented businesses -- a process that the company started last year -- in order to simplify the company and focus on its corporate and telecom customer base. For more



— Michelle Donegan, European Editor, Light Reading Mobile

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Jeff Baumgartner
50%
50%
Jeff Baumgartner,
User Rank: Light Beer
1/10/2013 | 4:00:08 AM
re: Rumor: Cisco Looking to Sell Linksys Unit


Speaking as a consumer, the Linksys routers I've owned stood the test of time. I had an 802.11b router that just would not die...the faceplate had separated from the body of the device, yet it continued to work like a charm.  Eventually got an 802.11n and the Cisco/Linksys installation process was smooth.  Not sure if Cisco's execution after the purchase was perfect, but I never had any issues with the products themsevles. JB

Featured Video
From The Founder
The world of virtualization is struggling to wrench itself away from the claws of vendor lock-in, which runs counter to everything that NFV stands for.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
21st Century Networking? Welcome to the Lock-In
Steve Saunders, Founder, Light Reading, 2/20/2018
How Long Before We Hit Peak MWC?
Iain Morris, News Editor, 2/23/2018
Stakes Run High for Tivo in Comcast Suit
Mari Silbey, Senior Editor, Cable/Video, 2/20/2018
Liberty Global: Not So Fast on D3.1
Alan Breznick, Cable/Video Practice Leader, Light Reading, 2/20/2018
AT&T Reveals Initial 5G Cities
Dan Jones, Mobile Editor, 2/21/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed