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ACQUISITION: Cisco Systems announces agreement to acquire Linksys
Posted by Arne Hess - on Thursday, 20.03.03 - 23:20:46 CET under 01 - General News - Viewed 5516x
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SAN JOSE, Calif., March 20, 2003 - Cisco Systems, Inc., today announced a definitive agreement to acquire the business of privately held The Linksys Group, Inc. of Irvine, Calif. Linksys is the leading provider of home networking products with a broad line of wired and wireless products for consumers and SOHO (small office/home office) users. This acquisition represents Cisco's entry into the high-growth consumer/SOHO networking market, which is expected to grow from $3.7 billion in 2002 to $7.5 billion in 2006 worldwide. Home networks allow consumers to share broadband Internet connections, files, printers, digital music, photos, and gaming, all over a wired or wireless LAN (local area network).

Wow, if Cisco pays that money because they believe in the consumer/SOHO market it's a great step into a real unwired future; I mean this shows me that we was on the right track years before when we bought wireless routes and W-LAN PC and CF card. Best of all is that I use Linksys equipment on the router side only while my PC cards are Cisco cards (okay, I also own another Intel PC card and a Symbol CF card) but this sounds as my equipment will work even better in future... ;-)

Cheers ~ Arne

Related Links : [Cisco Systems] [Linksys]


 

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