Cisco may be close to selling Linksys consumer router business

It appears that Cisco (Nasdaq: CSCO) could soon put its consumer router Linksys business on the auction block, a move that financial and telecom analysts have argued is necessary to steer the routing giant back to its core switching and routing roots.

Interestingly, Cisco has not denied the rumor, which comes upon the heels of another report that it might be selling off its WebEx business and the shutdown of its Flip camera segment.

Those rumors have been coupled with the realignment of its growing and profitable data center business, replacing the unit's two founders with former Juniper alum David Yen.

But asked about a potential sale of the Linksys unit, a Cisco spokesperson said that it would not "comment on rumor and speculation."

Following disappointing quarterly results, John Chambers, Cisco's CEO, said during the company's Q3 earnings call that it plans to cut $1 billion in expenses.

For more:
- The Register has this article

Related articles:
Rumor: Cisco looking to sell WebEx, Linksys businesses
Cisco needs to put focus back on its routing business, say analysts
Cisco shuts down Flip video business, dismisses 550 employees
Cisco appoints Juniper's David Yen to revamp server business

Suggested Articles

IBM has named internship and mentor program Outreachy as the winner of its second $50,000 Open Source Community Grant.

While carriers have kept up with the networking demands related to the COVID-19 pandemic, Vodafone is upgrading its network by 4 TBps of capacity.

According to revised research by International Data Corporation (IDC), worldwide IT spending is now expected to decline by 2.7%.