Cisco company , as the largest manufacturer of networking equipment, plans to get rid of Linksys division , whose work is to issue home routers and wireless access points. Cisco has already requested the financiers of Barclays to find a buyer for the unit who fell out of favor.
Cisco is determined to get rid of all the areas occupied by the release of consumer goods. In addition, Cisco has reduced 7.8 thousand jobs.
In 2003, in the acquisition of Linksys Cisco spent $ 500 million.