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Cisco Systems Announces Agreement to Acquire The Linksys Group, Inc.

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Cisco Systems Announces Agreement to Acquire The Linksys Group, Inc.
Topic: Business 9:36 am EST, Mar 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 (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).

Very Cool!

Cisco Systems Announces Agreement to Acquire The Linksys Group, Inc.



 
 
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