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The Guardian - UK
The Guardian - UK
Technology
Jack Schofield

Cisco buys Linksys

Cisco, which dominates the commercial networking equipment business, has snapped up Linksys, the market leader in home networking, for around $500 million, says AP. Cisco is well known for being acquisitive, and the article says: "between 1993 and December 2000, it acquired 71 companies before the tech slump battered Cisco's stock price". During the boom years it was swallowing about one a month.

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