Cisco to sell Linksys

About The Author

CNET Editor

Craig was sucked into the endless vortex of tech at an early age, only to be spat back out babbling things like "phase-locked-loop crystal oscillators!". Mostly this receives a pat on the head from the listener, followed closely by a question about what laptop they should buy.

A Bloomberg report has revealed that the networking giant has hired Barclay's to offload the consumer router division.

It's not been a great year for Linksys, with Cisco's incredibly botched introduction of its ill-directed Connect Cloud software. Cisco eventually made good by providing "classic" versions of the firmware for its routers, but like IBM's DeskStar hard drives, for many, the relationship would never be the same again.

Bloomberg's source mentioned that Cisco is likely to make much less than the US$500 million it paid for Linksys as it looks to return back to the enterprise market.

Previous Story

New Yahoo Mail for web, Win 8, iPhone and Android

Internet & Networking
Next Story

6 ways to get better Wi-Fi

Add Your Comment 1

Post comment as

DanielP3 posted a comment   

They may not make the money directly, but they removed a competitor.

Sponsored Links

Recently Viewed Products