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Cisco to dump failed Linksys unit, say rumor-mongers
Posted: 17-Dec-2012 [Source: ComputerWorld]

[Reports have Cisco preparing to put Linksys up for sale.]

By Richi Jennings (IT Blogwatch) -- "People with (ahem) "knowledge of the situation" say that Cisco is about to sell its Linksys business unit. Cisco (NASDAQ:CSCO) bought Linksys almost ten years ago, as part of a strategy to move into consumer and small-business products. Sadly for Cisco CEO John Chambers, that strategy has lost money; this sale will be the latest in a line of closures and divestitures of Cisco's low-end businesses."

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