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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 MacNN Staff

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  1. samirsshah

    Joined: Dec 1969

    +1

    Stick to knitting...

    and be like IBM, totally enterprise.

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