Cisco sets off fire sale of Linksys, other poorly performing units

WebEx online conferencing unit may be next

A month after Cisco's CEO said the company had lost credibility in the marketplace, it is shopping for a buyer for its Linksys home-networking sector that includes products such as routers, adapters, bridges, switches and network cameras, reports CRN.

According to the magazine, the sale could come as soon as next week, and its WebEx online conferencing and desktop-sharing business may be soon to follow.

The move is part of an estimated $1 billion in housecleaning that will continue over the next fiscal year, which may include terminating other poor-performing units and laying off between 3,000 and 5,000 workers.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.