Uncategorized
CISCO TO ACQUIRE LINKSYS REPRESENTING ENTRY INTO CONSUMER/SOHO NETWORKING MARKET
Cisco Systems has announced a definitive agreement to acquire the business of privately held The Linksys Group. 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 (sources: compiled from Dell’Oro Group, Synergy). 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). www.cisco.com