Belkin to buy Linksys router maker from Cisco

Jan 24, 2013

Belkin, a maker of smartphone cases and computing accessories, said Thursday that it is buying the home networking business unit of Cisco, including the Linksys router brand.

Privately held Belkin, based in Playa Vista, Calif., did not disclose the purchase price, nor did Inc.

Belkin intends to maintain the Linksys brand, as well as honor warranties on current and future Linksys products. The company said that after the acquisition, it will account for about 30 percent of the U.S. retail home and small-business networking market.

The transaction is expected to close in March.

Cisco shares fell 5 cents in after-hours trading to $20.97 following the announcement, after closing up 40 cents, or 1.9 percent, at $21.02 in the regular session.

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User comments : 4

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Feldagast
3 / 5 (2) Jan 24, 2013
Well that takes care of that, I wont buy another Linksys switch or router.
Argiod
1 / 5 (2) Jan 24, 2013
Well that takes care of that, I wont buy another Linksys switch or router.


Indeed; in my experience, Belkin routers s u c k ! If they start making LinkSys routers, I don't know where I'll turn. I've never had a Belkin device that worked worth the money paid for it.
Feldagast
not rated yet Jan 24, 2013
I have a Netgear now its works pretty good.
gar37bic
not rated yet Jan 24, 2013
Considering that from what I've read Cisco's term of ownership coincided with a reduction in the quality and price/performance of Linksys, perhaps Belkin could do better.