Reuters: Technology News: Cisco hires bank to sell home wireless router unit: report

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Cisco hires bank to sell home wireless router unit: report Dec 16th 2012, 23:11 Tweet Share this Email Print Related Topics Investing Simplified » Tech » A sign marking a Cisco office is pictured in San Diego, California November 12, 2012. Credit: Reuters/Mike Blake Sun Dec 16, 2012 6:11pm EST (Reuters) - Networking equipment company Cisco Systems Inc (CSCO.O) has hired Barclays (BARC.L) to sell its Linksys home router unit, a report said on Sunday. The business, which Cisco acquired for $500 million in 2003, will likely be valued for less because it has low margins, according to Bloomberg. The sale is part of Cisco's strategy to shed its consumer unit and focus on its software and technology services businesses. Last year, Cisco axed its Flip camera business as part of this strategy. (Reporting By Olivia Oran; Editing by Marguerita Choy) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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