Cisco Sells Linksys to Belkin, Exits Home Networking Market

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http://www.thevarguy.com – Confirming rumors that surfaced a month ago, Cisco Systems (NADAQ: CSCO) has sold off Linksys to Belkin. Cisco had acquired Linksys for $500 million about 10 years ago in what proved to be an uneven foray into home networking. Belkin, the consumer electronics peripherals giant, certainly will try to make more of the well-known brand. Here are the details of this breaking story… When the deal closes sometime in the next two months, Belkin will lay claim to some 30 percent of the U.S. retail home and small business networking market, according to the company. Belkin is privately-held an (IT news)