Printed from http://www.electronista.com

Cisco mum on rumors it might sell Linksys

updated 06:05 pm EDT, Wed May 18, 2011

Linksys and WebEx may be on the block

Cisco on Wednesday denied that it was planning to sell off Linksys. While it said it would cut the Flip line as part of its return to a "network-centric platform strategy," it told the Register that it wouldn't confirm or deny rumors. The company also didn't discuss talk that its WebEx web conferencing service was also up for grabs.

This would be yet another step as Cisco pushes for "greater profitability," according to its official statements, and refocuses on its core network hardware business. The company is expected to prune its payroll by three to five thousand employees over the current months.

Cisco bought Linksys for $500 million in 2003 and WebEx for $3.2 billion in 2007. WebEx has been relatively successful at pushing video conferencing and thus driving demand for its network hardware, but Linksys has made relatively little headway.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. samirsshah

    Fresh-Faced Recruit

    Joined: Oct 2010

    +1

    Stick to knitting...

    and be like IBM, totally enterprise.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Linksys WRT1200AC Wi-Fi Router

Once upon a time, a brand-new Linksys router showed up on our doorstep. So we gathered some network-minded friends together, and hooke ...

Rapoo A300 Mini Bluetooth NFC Speaker

The Rapoo Bluetooth Mini NFC Speaker is a little metallic box about the size of a baseball. In spite of its small size, we were very p ...

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Advertisement

toggle

Most Commented

 
toggle

Popular News