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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.080.0%3:59 PM EST
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From: Gottfried1/24/2013 7:06:48 PM
   of 77397
 
Cisco Sells Linksys Unit to Belkin [by WSJ email - no link]

Cisco Systems agreed to sell the home-networking unit that includes its well-known Linksys brand to Belkin International, moving the maker of routers and switches further away from the consumer market.

Privately held Belkin said it will maintain and support the Linksys brand of home and small-office networking products, acquired by Cisco almost a decade ago, as part of the deal.

Terms of the deal, expected to close in March, weren't disclosed.
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